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GIVISA - Distribution for the quarter ended 30 September 2017
NEWFUNDS (RF) PROPRIETARY LIMITED S&P GIVI SA TOP 50 INDEX ETF
Share code: GIVISA
ISIN: ZAE000205225
Portfolios in the NewFunds (RF) Proprietary Limited Collective Investment Scheme in Securities
registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed
by NewFunds Proprietary Limited (Registration Number 2005/034899/07)
DISTRIBUTION ANNOUNCEMENT FOR THE QUARTER ENDED 30 SEPTEMBER 2017
Further to the announcement published on Monday, 11 September 2017, a distribution has been declared
today, Thursday 19 October 2017 to holders of ETF securities ("investors") recorded in the register on
Friday, 29 September 2017, for the quarter ended 30 September 2017 as follows:
Alpha Dividend/ Foreign/ Local Gross Subject to *Withholding Net
code Interest Distribution Withholding Tax (%) Distribution
(Cents per unit) tax (Cents per
Yes/ No unit)
GIVISA Interest Local 0.09951 No 0.09951
Dividend Local 11.21585 Yes 20 8.97268
Dividend Foreign (CFR)* 1.86020 No 1.86020
Dividend Foreign (Other) 3.85764 Yes 20 3.08611
Dividend REITs** 2.41019 Yes 20 1.92815
19.44339 15.94665
The distribution will be paid on Tuesday, 24 October 2017 to all securities holders recorded on the
register on Friday, 29 September 2017.
Withholding Tax on Interest (WTI) came into effect on 1 March 2015.
Interest accruing from a South African source to a non-resident, excluding a controlled foreign company,
will be subject to withholding tax at a rate of 15% on payment, except interest,
- arising on any Government debt instrument;
- arising on any listed debt instrument;
- arising on any debt owed by a bank or the South African Reserve Bank;
- arising from a bill of exchange or letter of credit where goods are imported into South Africa and where
an authorized dealer has certified such on the instrument;
- payable by a headquarter company;
- accruing to a non-resident natural person who was physically present in South Africa for a period
exceeding 183 days in aggregate, during that year, or carried on a business through a permanent
establishment in South Africa.
Investors are advised that to the extent that the distribution amount comprise of any interest, it
will not be subject to WTI by virtue of the fact that it is Government debt, listed debt instruments
and/or bank debt.
Holders of Shariah ETF securities
Holders of Shariah ETF securities (“investors”) are advised that the appropriate purification of dividends,
through the donation of 5% of the dividends to charity, needs to be effected by each investor. Absa
Islamic Banking's Shari'ah Supervisory Board (''SSB'') has provided the following list of approved
charitable institutions. The list is not exhaustive and it is therefore not obligatory to use one of the
specified charities:
1. Al Furqaan Orphanage (Gauteng)
2. Gift of the Givers (RSA)
3. SANZAF (RSA)
4. Africa Muslims Agency (RSA)
5. Al-Imdaad Foundation
6. Muslim Hands (RSA)
7. Islamic Relief Agency (RSA)
8. Bait-ul-Khair (Gauteng)
9. TIBA Services for the Blind (Gauteng)
10. Mustadafin Foundation (www.mustadafin.com)
Investors should seek advice from their tax advisor on whether the tax and rate shown is applicable to
them.
* COMPAGNIE FINANCIERE RICHMONT SA (CFR) is a Switzerland listed Company. The dividends
received have been subject to a 20% withholding tax.
South African tax resident investors relating to REITs
**The dividend distribution by a REIT received by South African tax residents must be included in their
gross income and will not be exempt in terms of the ordinary dividend exemption in section 10(1)(k)(i) of
the Income Tax Act No. 58 of 1962 (“the Act”) as a result of paragraph (aa) of the proviso thereto which
provides that dividends distributed by a REIT are not exempt from income tax.
No dividend withholding tax will be deducted from dividends payable to a South African tax resident
qualifying for exemption from dividend withholding tax provided that the investor has provided the
following forms to their Central Securities Depository Participant (“CSDP”) or broker, as the case may be
in respect of its participatory interest:
a) a declaration that the distribution is exempt from dividends tax; and
b) a written undertaking to inform their CSDP or broker, as the case may be, should the circumstances
affecting the exemption change or the beneficial owner cease to be the beneficial owner,
both in the form prescribed by the South African Revenue Service. South African tax resident investors
are advised to contact their CSDP or broker, as the case may be, to arrange for the abovementioned
documents to be submitted prior to payment of the distribution, if such documents have not already been
submitted.
Non-resident investors for South African income tax purposes
The dividend distribution received by non-resident investors will be exempt from income tax in terms of
section 10(1)(k)(i) of the Act, but will be subject to dividend withholding tax. Dividend withholding tax is
levied at a rate of 20%, unless the rate is reduced in terms of any applicable agreement for the avoidance
of double taxation (“DTA”) between South Africa and the country of residence of the non-resident
investor.
A reduced dividend withholding rate in terms of the applicable DTA may only be relied on if the non-
resident investor has provided the following forms to their CSDP or broker, as the case may be in respect
of its participatory interest:
a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
b) a written undertaking to inform the CSDP or broker, as the case may be, should the circumstances
affecting the reduced rate change or the beneficial owner cease to be the beneficial owner,
both in the form prescribed by the South African Revenue Service. Non-resident investors are advised to
contact their CSDP or broker, as the case may be, to arrange for the abovementioned documents to be
submitted prior to the payment of the distribution if such documents have not already been submitted.
Both resident and non-resident investors are encouraged to consult their professional advisors should
they be in any doubt as to the appropriate action to take.
Additional information:
Number of securities in issue Tax reference number
GIVISA 2,057,255 9180010184
19 October 2017
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 19/10/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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