Notes to the annual financial statements
for the year ended 30 June



    Company  
2012  
R million  
Company  
2011  
R million  

16.

Taxation 

     
  SA normal taxation        
  Current taxation        
  – Current period   (5)  (3) 
  Capital gains taxation        
  – Current period   (55)  –  
  Deferred taxation        
  – Secondary taxation on companies   (7)  7  
  Total taxation   (67)  4  
  The tax on the company’s profit before taxation differs from the        
  theoretical amount that would arise using the standard tax rate of        
  South Africa as follows:        
  Profit before taxation   1 617   381  
  Effective tax rate   4.14   (1.05) 
  Net income and expenses not subject to taxation   20.64   27.25  
  Impact of CGT   3.65   –  
  Secondary taxation on companies   (0.43)  1.80  
  Standard income taxation rate in South Africa   28.00   28.00  

 

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