2019  R’000				2018  R’000
24	TAXATION
	South Africa normal taxation
	— current year		509 208				631 079
	— provision relating to prior years		72				(12 230)
	Deferred taxation
	— arising on temporary differences in current year		111 722				10 880
	— prior year temporary differences no longer recognised		(8 259)				—
	Dividend withholding tax, paid on treasury shares		16 583				13 287
	Securities transfer taxation on redemption of preference shares		430				905
	Withholding tax on management fees paid in foreign jurisdiction		—				1 625
			629 756				645 546
	Estimated losses available for the reduction of future taxable income arising in certain subsidiary companies, which are not on care and maintenance at year-end, for which no deferred taxation assets have been raised. These losses are current and have not expired.		78 859				72 589
	Reconciliation of the taxation charge as a percentage of profit before taxation		%				%
	Statutory tax rate		28,00				28,00
	Adjusted for:
	Exempt income		(0,12)				(1,30)
	Disallowable expenditure#		1,49				1,06
	Income from controlled foreign company (CFC) qualifying for foreign tax rebates		(0,40)				—
	Provision relating to prior years		0,01				(0,53)
	Deferred taxation assets not recognised		(0,29)				—
	Securities transfer taxation on redemption of preference shares		0,02				0,04
	Dividend withholding tax, paid on treasury shares		0,80				0,57
	Withholding tax on management fees paid in foreign jurisdiction		—				0,07
	Utilisation of available tax loss		0,18				—
	Effective tax rate		30,27				27,91
	# Disallowable expenditure relates to legal and professional fees and other expenses of a capital nature not qualifying for deductions