| COMPANY | GROUP | |||||
| 2021 | 2020 | (R'million) | 2021 | 2020 | ||
| 9 | TAXATION* | |||||
| 2,7 | 5,3 | 9.1 | South African current taxation | 627,0 | 690,3 | |
| 7,0 | 15,2 | Withholding and foreign tax | 146,3 | 85,9 | ||
| 9,7 | 20,5 | 773,3 | 776,2 | |||
| – | – | Deferred taxation – temporary differences | (127,8) | 14,3 | ||
| 9,7 | 20,5 | 645,5 | 790,5 | |||
| Adjustments in respect of previous years | ||||||
| – | 0,8 | – Current taxation | (8,1) | (7,2) | ||
| – Deferred taxation | (0,8) | (4,8) | ||||
| 9,7 | 21,3 | 636,6 | 778,5 | |||
| Taxation on impairments and non-operational items | ||||||
| – Current | 0,9 | 14,6 | ||||
| – Deferred | (40,8) | (66,4) | ||||
| 9,7 | 21,3 | 596,7 | 726,7 | |||
| % | % | 9.2 | The reconciliation of the effective rate of taxation with the statutory taxation rate is as follows: | % | % | |
| 0,5 | 18,5 | Taxation for the year as a percentage of income before taxation | 24,9 | 32,7 | ||
| Impairment of goodwill and intangibles | 0,3 | (5,1) | ||||
| 27,7 | 291,5 | Dividend income | 0,2 | 0,2 | ||
| (0,5) | (9,1) | Expenses and provisions not allowed for taxation1 | (1,4) | (3,7) | ||
| – | – | Additional investment allowances | 0,7 | 0,5 | ||
| – | (0,7) | Prior year adjustments | 0,4 | 0,5 | ||
| (0,3) | (12,6) | Withholding taxes | (0,8) | (1,3) | ||
| – | – | Income from associates | 4,0 | 4,5 | ||
| – | – | Effect of differing rates of foreign taxes | (0,3) | (0,3) | ||
| 0,6 | (259,6) | 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 | – | – | ||||
| 9.3 | Reconciliation of movement on deferred taxation | |||||
| Movement recognised in the income statement for the year | ||||||
| Current year charge | (127,8) | 14,3 | ||||
| Adjustments in respect of previous years | (0,8) | (4,8) | ||||
| Deferred tax on impairments and non-operational items | (40,8) | (66,4) | ||||
| (169,4) | (56,9) | |||||
* Restated in line with the presentation requirements of IAS 1 as part of continuous improvements in terms of IFRS. (Refer note 21.2).
1 Consists of legal fees, industrial investment allowance provision and expenses related to dividend income.
2 Includes impairments of receivables and investments.