absa bank funding executed, page-31

how so? This is the definitely the case. I did not say they have to pay this up front. They are liable for their 26% share, plain & simple - as per your clarification post - so are you misleading people too?

The point is that the initial ZAR215m does NOT cover these costs - and they will have to be paid back later to CCC or directly to the project developers while the project is in construction - be it via debt, cash or whatever.