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Company       Group
2020 2019   (R’million) 2020 2019  
Restated*
      8 Taxation    
5,3 15,1   8.1 South African current taxation 706,0 840,4
15,2 15,1     Withholding and foreign taxes 85,9 82,9
20,5 30,2       791,9 923,3
        Deferred taxation – temporary differences 14,3 29,7
20,5 30,2       806,2 953,0
        Adjustments in respect of previous years    
0,8 (0,4)     – Current taxation (7,2) 3,5
        – Deferred taxation (4,8) (13,6)
21,3 29,8       794,2 942,9
        Taxation on abnormal items and impairments    
– –     – Current (1,1) 20,6
– –     – Deferred (66,4) 1,5
21,3 29,8       726,7 965,0
% %   8.2 The reconciliation of the effective rate of taxation with the statutory taxation rate is as follows: % %
18,5 0,7     Taxation for the year as a percentage of income before taxation 32,7 18,1
        Impairment of goodwill and intangibles (5,1) (1,1)
– 20,0     Oceana unbundling – 10,0
291,5 9,6     Dividend income 0,2 0,1
(9,1) (0,1)     Expenses and provisions not allowed for taxation1 (3,7) (0,7)
        Additional investment allowances 0,5 0,3
(0,7)       Prior year adjustments 0,5 0,2
(12,6) (0,3)     Withholding taxes (1,3) (0,5)
        Income from associates 4,5 2,0
        Effect of differing rates of foreign taxes (0,3) (0,4)
(259,6) (1,9)     Other sundry adjustments2 – –
28,0 28,0     Rate of South African company taxation 28,0 28,0
        Tax effect of current year losses available to reduce future taxable income – –
      8.3 Reconciliation of movement on deferred taxation    
        Movement recognised in the income statement for the year    
        Current year charge 14,3 29,7
        Adjustments in respect of previous years (4,8) (13,6)
        Deferred tax on abnormal items (66,4) 1,5
          (56,9) 17,6
* Restated as required by IFRS 5 in relation to the treatment of Value Added Meat Products (VAMP), a division of Tiger Consumer Brands Limited (Domestic operations – Consumer Brands – Food) as a discontinued operation. Refer to note 33.
1 Consists of legal fees, consulting fees, industrial investment allowance provisions and expenses related to dividend income.
2 Includes impairments of receivables and investments.