2019  R’m		2018  R’m
4.	Interest (expense)/income
	Interest expense
	Loans and overdrafts	(485)		(704)
	Transponder leases	(650)		(648)
	Other	(302)		(196)
		(1 437)		(1 548)
	Interest income
	Loans and bank accounts	335		322
	Other	575		377
		910		699

A significant portion of the group’s operations are exposed to foreign exchange risk. The table below presents the net (loss) or profit from our foreign exchange exposure and incorporates effects of qualifying forward exchange contracts that hedge this risk.

	Net (loss)/profit from foreign exchange translation and fair-value adjustments on derivative financial instruments
	On translation of liabilities	(11)		(75)
	On translation of transponder leases*	(1 887)		1 150
	On translation of forward exchange contracts	406		(376)
	Net foreign exchange translation (losses)/gains	(1 492)		699

* Movement relates to rand depreciation from a closing rate of R11.84 in FY2018 to R14.50 in FY2019 on our US dollar transponder lease liability.