2017  R’000			2016  R’000
5.	TAXATION
	Current taxation	1 402 824			1 053 432
	Current year	1 401 268			1 075 862
	Prior years’ under (over) provision	1 556			(22 430)
	Deferred taxation	(157 328)			48 953
	Current year	(149 851)			70 788
	Prior years’ (over) under provision	(1 446)			847
	Change in rate of taxation	(6 031)			(22 682)
	Foreign withholding taxation	5 462			6 696
	Total taxation per consolidated statement of profit or loss	1 250 958			1 109 081
	Comprising
	South African taxation	265 384			96 172
	Foreign taxation	985 574			1 012 909
		1 250 958			1 109 081

		2017  %			2016  %
	The reconciliation of the effective taxation rate with the South African company taxation rate is:
	Taxation for the year as a percentage of profit before taxation	23,7			25,0
	Associates	0,1			0,2
	Effective rate excluding associate income	23,8			25,2
	Dividend and exempt income	1,2			0,5
	Foreign taxation rate differential	3,1			2,6
	Details of non-deductible expenses	(2,8)			(2,2)
	Deferred taxation assets not previously raised	1,9			0,8
	Exempt portion of capital gains	0,7			0,1
	Changes in prior years’ estimation	–			0,5
	Change in rate of taxation	0,1			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	431 854			579 744
	Utilised in the computation of deferred taxation	(290 954)			(471 785)
	Not accounted for in deferred taxation	140 900			107 959
	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 utilised.
	Non-deductible expenses comprise impairments relating to goodwill (refer note 15), property, plant and equipment (refer note 13), intangible assets (refer note 14) and other non-deductible expenses individually insignificant across the Bidcorp group.