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| Related Parties | Related parties None of the directors or major shareholders of Harmony or, to the knowledge of Harmony, their close families, had an interest, directly or indirectly, in any transaction from 1 July 2022 or in any proposed transaction that has affected or will materially affect Harmony or its subsidiaries, other than as stated below. Directors and other key management Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the group, directly or indirectly, including any director (whether executive or otherwise) of the group. The directors' remuneration is as follows:
The following directors and prescribed officers owned shares in Harmony at year-end. The balance of shares held is attributable to shares held privately and in terms of the minimum shareholding requirement as set out in our remuneration policy:
1Appointed as executive director effective 1 January 2025. See further details below. 2Retired as an employee and consequently resigned as executive director, effective 31 December 2024. 3See details below. On 1 October 2024, Dr Urishanie Govender was appointed as Chief Sustainability Officer and has been classified as a prescribed officer. Effective 1 January 2025, Mr Beyers Nel was appointed as the Group Chief Executive Officer and executive director of the Company. He was previously classified as prescribed officer. On the same date, Mr Floyd Masemula was appointed as Deputy Group Chief Executive Officer and classified as a prescribed officer. Additionally, Mr Jaco Boshoff, now serving as Chief Operating Officer: Australasia, was also classified as a prescribed officer as of 1 January 2025. On 17 January 2025, Ms Mametja Moshe, Ms Zanele Matlala and Mr Mangisi Gule were appointed to the board of directors of Harmony as independent non-executive directors. Refer to note 38 for information on appointments to the board of directors subsequent to year end. There were no other changes to the directors' interest between the reporting date and the date of the approval of the financial statements other than indicated above. 35Related parties continued Other related parties The services rendered to joint operations relate to professional and technical services. All the production of the group’s South African operations is sent to Rand Refinery in which Harmony holds a 10.38% interest. Refer to note 19.
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