| 2018 R’000 |
2017 R’000 |
|||||
| C | TAXATION | |||||
| South African taxation | ||||||
| Current income tax | ||||||
| – current year | – | 224 | ||||
| – prior year over provision | (10) | – | ||||
| Deferred tax | ||||||
| – current year | (311) | (17) | ||||
| (321) | 207 | |||||
| Reconciliation of the taxation rate: | % | % | ||||
| Effective rate | (2.2) | 0.1 | ||||
| Adjusted for: | ||||||
| Exempt income (dividend income) | 30.1 | 27.9 | ||||
| Prior year over provision | 0.1 | – | ||||
| South African normal tax rate | 28.0 | 28.0 |