Notes to the company annual financial statements

for the year ended 30 September 2008

		2008	2007	2006
		Rm	Rm	Rm
20.	Taxation
	Foreign and withholding taxation
	Current year	(4)	(7)	(7)
		(4)	(7)	(7)
	Deferred taxation
	Current year	15	(55)	(10)
	Prior year		(1)	22
		15	(56)	12
	Secondary taxation on companies
	Current	(56)	(105)
	Deferred	(2)	(41)	(24)
		(58)	(146)	(24)
	Taxation attributable to the company	(47)	(209)	(19)
	Excluding dividend income, the company is showing a loss of
	R250 million. Excluding the impact of STC credit of R56 million,
	taxation paid in the current year relates to R4 million withholding tax.
		%	%	%
	Reconciliation of rate of taxation:
	South Africa normal taxation rate	28.0	29.0	29.0
	Reduction in rate of taxation	(53.8)	(29.1)	(29.6)
	Exempt income	(0.2)	(0.2)	(0.1)
	Adjustment due to inclusion of dividend income	(37.5)	(28.9)	(29.0)
	Prior year taxation			(0.5)
	Tax on unprovided temporary differences	(16.1)
	Increase in the rate of taxation	33.7	1.0	1.1
	Disallowable charges	9.7		0.3
	Tax on unprovided temporary differences	13.6	0.4
	Withholding taxation	0.7		0.2
	Secondary taxation on companies	9.7	0.6	0.6

	Taxation as a percentage of profit before taxation	7.9	0.9	0.5
	Tax losses and STC credits at the end of the year
	Taxation losses	(291)	(341)	(227)
	Unutilised STC credits		(22)	(347)
		(291)	(363)	(574)
	Utilised to reduce deferred taxation or create deferred taxation asset	56	22	574
	Losses on which no deferred taxation assets raised due to
	uncertainty regarding utilisation	(235)	(341)