Condensed Consolidated Changes in Equity

	6 months to	6 months to	Year to
	28 February	29 February	31 August
	2005	2004	2004
R'000	(unaudited)	(unaudited)	(audited)
Increase in share capital and premium	47 063	23 679	33 025
Decrease in non-distributable reserve	(601)	(35 689)	(35 480)
Increase in treasury shares	(126 806)	-	(122 981)
Net profit/(loss) for the period	128 938	156 616	(12 553)
Prior period adjustment	-	(901)	-
Distributions to shareholders	(75 097)	(53 515)	(97 824)
Net (decrease)/increase in shareholders' funds	(26 503)	90 190	(235 813)
Opening shareholders' interest	1 372 697	1 608 510	1 608 510
Closing shareholders' interest	1 346 194	1 698 700	1 372 697
Percentage decrease in closing shareholders' interest	(20.8)