Notes to the annual financial statements
for the year ended 30 June



    2012  
R million  
2011  
R million  

21.

Fee income

     
  Policy administration and asset management services on investment contracts   1   1  
  Commission earned from reinsurers, net of deferred acquisition revenue   116   35  
  Other fee income   2   14  
  Total fee income   119   50  
  Policy fees are monthly or annual fees charged for the administration of policies. Collection fees are charged for the electronic collection of premiums and take-on fees are administration fees charged for new clients. Other fee income was received for administration and accounting services rendered.