2019  R’000				2018 R’000
9	DEFERRED TAXATION
	Balance at beginning of year		(23 332)				20 249
	Arising on temporary differences in retained earnings with adoption of IFRS 9:
	Financial Instruments (1 July 2018)		27 433				—
	Restated opening balance		4 101				20 249
	Arising on temporary differences included in profit or loss
	— IFRS 9: Fair Value adjustment of loans to structured entities		8 396				—
	Arising on temporary differences included in other comprehensive income
	— gains on revaluation to fair value of financial assets measured at fair value through other comprehensive income (2018: available-for-sale listed investments) at year-end		(12 497)				(43 581)
	Balance at end of year		—				(23 332)
	A deferred taxation asset of R3 600 000 was not recognised in the current year due to the company not having proven sufficient taxable income against which this asset could be utilised.