| 2019 R’000 |
2018 R’000 |
|||||||
|---|---|---|---|---|---|---|---|---|
| 12 | TAXATION | |||||||
| South African normal tax | ||||||||
| — current year | 69 918 | 61 914 | ||||||
| — overprovision relating to prior year | — | (3 566) | ||||||
| Deferred taxation | ||||||||
| — reversal of temporary differences in current year (refer note 9) | (8 396) | — | ||||||
| 61 522 | 58 348 | |||||||
| Reconciliation of the taxation charge as a percentage of profit before taxation | % | % | ||||||
| Statutory tax rate | 28,00 | 28,00 | ||||||
| Adjusted for: | ||||||||
| Dividend income | (26,96) | (26,53) | ||||||
| Disallowable expenditure | 0,40 | 0,18 | ||||||
| Deferred taxation asset not recognised | (0,08) | — | ||||||
| Effective tax rate | 1,36 | 1,65 | ||||||