Notes to the Group financial statements

for the year ended 30 June

  R million   2014   2013  
7.   TAX      
  Normal tax – South African   (407)  (451) 
                    – Foreign   12   4  
    (395)  (447) 
  Current tax – current year   (478)  (461) 
                     – prior years   (3)  (10) 
  Deferred tax – current year   55   8  
                       – prior years   31   16  
  Other taxes (refer to note 25.2 (22)  (26) 
    (417)  (473) 
  Effect of tax losses not recognised as deferred tax assets   31   41  
  Reconciliation of rate of tax   %   %  
  Standard rate – South African   28.0   28.0  
  Adjusted for:      
  Disallowable expenses   5.2   0.6  
  Exempt income   (0.7)  (0.5) 
  Preference shares dividends   4.0   3.6  
  Foreign tax rate variations   (0.3)  (0.8) 
  Prior year over-provisions   (2.4)  (0.4) 
  Other taxes   2.0   1.8  
  Effective tax rate   35.8   32.3