Notes to the Company financial statements – Note 1

    2015
R’000
    2014
R’000
 
1. Taxation          
  Current taxation 50 758     –  
     Current year 2 758     –  
     Prior years 48 000     –  
  Foreign withholdings tax 5 201     3 778  
  Total taxation per statement of comprehensive income 55 959     3 778  
  The reconciliation of the effective tax rate with the company tax rate is as follows: %     %  
  Taxation for the year as a percentage of profit before taxation 1,9     0,1  
  Dividend and exempt income 28,3     29,1  
  Changes in prior years’ estimation (1,6)     –  
  Capital gains rate differential 0,3     –  
  Withholding taxes (0,2)     (0,1)  
  Expenses not taxable or allowed (0,7)     (1,1)  
  Rate of South African company taxation 28,0     28,0  

Notes to the Company financial statements– Note 1