2016  2015 
    R’000  R’000 

4

DEFERRED TAXATION

   
  Balance at beginning of year 16 000  (10 857)
  Arising on reversal of temporary differences in the income statements    
  – impairment of financial assets to below original cost 13 235  21 308 
  Arising from temporary differences included in other comprehensive income    
  – revaluation of available-for-sale listed investments to market value at year-end 5 274  5 549 
  – change in capital gains taxation rate (3 219) – 
  Balance at end of year 31 290  16 000