COMPANY						GROUP
2015		2014			(R’million)	2015		2014
				8	Taxation
37,8		36,9		8.1	South African current taxation	1 057,4		943,2
13,1		10,0			Withholding and foreign taxes	70,0		88,2
50,9		46,9				1 127,4		1 031,4
4,3		2,4			Deferred taxation – temporary differences	17,6		(107,2)
55,2		49,3				1 145,0		924,2
					Adjustments in respect of previous years
(0,3)		(0,7)			– Current taxation	(136,6)		17,8
–		–			– Foreign taxation	7,5		–
–		–			– Deferred taxation	(32,7)		(55,7)
–		–			– Impairment of prior year deferred tax asset	230,8		–
54,9		48,6				1 214,0		886,3
					Taxation on abnormal items
–		–			– Current	8,9		3,9
(12,4)		(6,1)			– Deferred	(14,7)		(57,8)
42,5		42,5				1 208,2		832,4
%		%		8.2	The reconciliation of the effective rate of taxation with the statutory taxation rate is as follows:	%		%
2,9		4,1			Taxation for the year as a percentage of income before taxation	56,2		30,8
–		–			Deferred tax asset not recognised on impairment of plant, equipment and vehicles	(21,5)		–
38,9		50,1			Dividend income	–		–
(12,9)		(25,3)			Expenses and provisions not allowed for taxation	(2,8)		(10,8)
–		–			Assessed losses not recognised	(5,6)		(0,2)
–		–			De-recognition of prior year assessed losses	(7,7)		–
–		–			Non-recognition of other current year timing differences	(3,8)		–
–		–			De-recognition of other prior year timing differences	(3,1)		–
–		–			Tax effect of bad debt provision not recognised on group basis	1,0		–
–		–			Impact of exchange rate differences	1,1		–
–		–			Additional investment allowances	–		1,6
–		–			Other prior year adjustments	7,5		1,4
(0,9)		(0,9)			Withholding taxes	(1,4)		(1,2)
–		–			Income from associates	7,9		6,2
–		–			Effect of differing rates of foreign taxes	0,4		0,1
–		–			Other sundry adjustments	(0,2)		0,1
28,0		28,0			Rate of South African company taxation	28,0		28,0
					(R’million)
					Tax effect of losses available to reduce future taxable income	27,2		202,5
				8.3	Reconciliation of movement on deferred taxation
					Movement recognised in the income statement for the year
4,3		2,4			Current year charge	248,4		(107,2)
–		–			Adjustments in respect of previous years	(32,7)		(55,7)
(12,4)		(6,1)			Deferred tax on abnormal items	(14,7)		(57,8)
(8,1)		(3,7)				201,0		(220,7)
					Movement per deferred tax accounts
(12,4)		(6,1)			(Increase)/decrease in deferred taxation asset	314,1		(123,3)
4,3		2,4			Increase/(decrease) in deferred taxation liability	(113,1)		(97,4)
(8,1)		(3,7)				201,0		(220,7)