Condensed consolidated statements of
changes in equity


	Six months ended	Six months ended	Financial year ended
	30 June 2008	30 June 2007	31 December 2007
	Reviewed	Reviewed	Audited
	Rm	Rm	Rm
Opening balance	51 502	42 729	42 729
Net profit attributable to equity holders of the company	6 240	5 555	10 608
Dividends paid	(5 165)	(2 702)	(3 387)
Issue of share capital	8	14	60
Transactions with minorities	4 076	200	—
Disposal of non-controlling interest	907	—	294
Purchase of controlling interest	—	—	192
Minorities’ share of profits and reserves	724	750	1 308
Shareholders’ revaluation reserve	153	259	565
Share-based payment reserve	6	11	92
Cancellation of MTN Cote d’Ivoire put option	54	—	—
Cash flow hedging reserve	(8)	—	30
Conversion of shareholders’ loans to preference shares	—	—	(192)
Currency translation differences	8 731	217	(797)
	67 228	47 033	51 502