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JSE LIMITED - Increase in Dividend withholding tax

Release Date: 24/02/2017 07:15
Code(s): JSER     PDF:  
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Increase in Dividend withholding tax

GEN General – JSE Limited Issuer Regulation

INCREASE IN DIVIDEND WITHHOLDING TAX

During the delivery of the Budget speech on 22 February 2017 it was announced that there will an
increase in the dividend withholding tax from 15% to 20%. The JSE has consulted with the South
African Revenue Service and National Treasury and we have been advised that the effective date of
the new rate is in respect of all dividends paid on or after 22 February 2017.

The JSE wishes to advise the following in respect of dividend announcements issued pursuant to
Schedule 18 of the JSE Listings Requirements:

•       Finalisation announcements for any dividends payable on or after 22 February 2017 must
include the new revised dividend withholding tax rate; and

•      If a finalisation announcement has already been published with a payment date on or after
22 February 2017 a revised finalisation announcement must be published (with the new dividend
withholding tax rate) before close of business on Friday, 24 February 2017.

Please contact Chris Grove on 011 520 7350 or on chrisg@jse.co.za should you have any questions.

24 February 2017

Date: 24/02/2017 07:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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