2016  R’000			2015  R’000
5.	TAXATION
	Current taxation	1 053 432			873 116
	Current year	1 075 862			882 978
	Prior years’ over provision	(22 430)			(9 862)
	Deferred taxation	48 953			(32 061)
	Current year	70 788			(29 733)
	Prior years’ under (over) provision	847			(2 282)
	Change in rate of taxation	(22 682)			(46)
	Foreign withholding taxation	6 696			8 739
	Total taxation per consolidated statement of profit or loss	1 109 081			849 794
	Comprising
	South African taxation	96 172			948
	Foreign taxation	1 012 909			848 846
		1 109 081			849 794
		%			%
	The reconciliation of the effective tax rate with the South African company tax rate is:
	Taxation for the year as a percentage of profit before taxation	25,0			25,2
	Associates	0,2			0,1
	Effective rate excluding associate income	25,2			25,3
	Dividend and exempt income	0,5			0,7
	Foreign taxation rate differential	2,6			3,3
	Non-deductible expenses	(2,2)			(1,6)
	Deferred taxation assets not previously raised	0,8			–
	Exempt portion of capital gains	0,1			–
	Changes in prior years’ estimation	0,5			0,3
	Change in rate of taxation	0,5			–
	Rate of South African company taxation	28,0			28,0
		R’000			R’000
	Estimated tax losses available for offset against future taxable income	579 744			290 841
	Utilised in the computation of deferred taxation	(471 785)			(191 655)
	Not accounted for in deferred taxation	107 959			99 186
	Deferred taxation assets have not been recognised in respect of certain tax losses as the directors believe it is not probable that the relevant companies will generate taxable profit in the near future, against which the benefits can be be utilised.