| |
|
2016 |
2015 |
| |
|
R’000 |
R’000 |
13 |
TAXATION CHARGE/(CREDIT) |
|
|
| |
South African normal tax |
|
|
| |
– current year |
18 129 |
15 916 |
| |
– overprovision relating to prior year |
– |
(2 216) |
| |
Deferred taxation |
|
|
| |
– reversal of temporary differences in current year (refer
note 4) |
(13 235) |
(21 308) |
| |
– change in capital gains taxation rate |
3 219 |
– |
| |
|
8 113 |
(7 608) |
| |
Reconciliation of the taxation charge/(credit) as a percentage of profit before taxation |
% |
% |
| |
Statutory tax rate |
28,00 |
28,00 |
| |
Adjusted for: |
|
|
| |
Overprovision relating to prior year |
– |
(0,13) |
| |
Dividend income |
(27,85) |
(29,42) |
| |
Disallowable expenditure |
0,53 |
1,10 |
| |
Change in capital gains taxation rate |
0,01 |
– |
| |
Effective tax rate |
0,69 |
(0,45) |
| |
|
|
|