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I'd noticed previously that both the Pink Sheets price and the weekly coal price from Mining Weekly seemed to be lower than the averages TGA stated so hopefully that will be the case again....we'll know soon enough.
Hopefully a trading statement soon.

Re. The R189, I received it a few days after the dividend, very uninspiring, a "Consolidated Overseas Schedule", just a single sheet with my details and number of shares, ISIN, Gross Payment, Withholding Tax Amount, Net Payment etc
As I'm self-employed I'll pass it on to my accountant otherwise I suppose I'd call HMRC and ask for advice. As long as it gets me my 10% I'm not bothered. One point of note, when on the web chat to Barclays they asked which tax year I wanted the R189 for which tends to make me suspect some of the rubbish I was spouting about a few months ago might actually be correct-if you've had withholding from a SA company in the past you might be able to get that back too. If your broker has refused to send a form call HMRC, also now the vote went against buybacks for the present it also makes it relevant for the future divi's. You've nothing to lose and maybe some cash to gain.

The Form From Exxaro-apologies, didn't think I could post it.....I'm rubbish on computers...

DIVIDENDS TAX: DECLARATION AND UNDERTAKING FOR REDUCED RATE
Part A: Withholding Agent
Registered name: Exxaro Resources Ltd
Dividends tax reference number:9218 098 14 4
Contact details: +27 012 307 7393
Part B: Beneficial Owner
Registered name: ________________________________________________________
Nature of entity:
[ X ] Individual
[ ] Listed Company
[ ] Unlisted Company
[ ] Trust (any type)
[ ] RSA Government, Provincial Administration, Municipalities
[ ] Retirement Fund (Pension, Provident, Benefit, RA etc)
[ ] Other (if selected please provide a description / explanation of nature of the entity / person:
__________________________________________________________________________
ID / Passport / Registration number:______________________________________________________
Date of birth / inception: ______________________________________________________________
South African income tax reference number: ______________________________________________
Physical address: _____________________________________________________________________
___________________________________________________________________________________
Postal address: _______________________________________________________________________
___________________________________________________________________________________
Country in which resident for tax purposes: __________________________________________

Part C: Reduced Rate
Please provide the following details for all shares held in respect of which a reduced rate of tax is applicable:
No Registered Company Name Explanation of the reasons the beneficial owner meets

the requirements of the DTA

1
2
3
4
5
DECLARATION in terms of the sections 64G(3)(i) of the Act:
I _________________________________________(full names in print please), the undersigned hereby
declare that all the relevant requirements in terms of Article 10 of the Agreement for the Avoidance of
Double Taxation and Prevention of Fiscal Evasion (DTA) in force on the relevant date between the Republic
of South Africa and the country of residence of the beneficial owner specified above, as well as section 64G
of the Act, have been met and that dividends paid on the shares specified above are therefore subject to a
reduced rate of 10 %.
Signature: _____________________________ Date:______________________

(Duly authorised to do so)

Capacity of Signatory (if not the Beneficial Owner):_____________________________________________

UNDERTAKING in terms of section 64G(3)(ii) of the Act:
I_______________________________________(full names in print please), the undersigned undertake to
forthwith inform the Withholding Agent in writing should the circumstances of the beneficial owner referred
to in the declaration above change.
Signature: ______________________________ Date:_______________________________
(Duly authorised to d

I think the company (TGA) fills out the DTR01 then SARS sends the "prepopulated" form to TGA. TGA should then email us, maybe...with a link to click to take us to the DTR02....maybe

Here's a Pan African one....I'm calling it a DTR02, but of course could be completely wrong...

https://www.panafricanresources.com/wp-content/uploads/Non-SA_Dividend_Declaration_Form.pdf

I received replies from both Sasol and Exxaro when asking them about WHT.
Below is a copy and paste of the Sasol reply....read it with a pinch of salt, maybe they were busking it....

"In terms of the SA / UK tax treaty the withholding tax on dividends is reduced to 15% for a shareholder holding less than 10% shareholding and it is not reduced to 10% as stated below.

The reduced rate of 15% does not automatically apply.

In order for the reduced treaty rate to apply, the beneficial owner of the dividend needs to submit a declaration and undertaking form to the withholding agent prior to the receipt of the dividend. These forms are valid for a period of five years from the date the declaration was made, and unless a new declaration and undertaking is made the exemption or reduced rate may no longer be applicable (i.e. you no longer a UK resident).

The investor is advised to approach the withholding agent to obtain the form and ensure it is signed prior to the dividend payment."

Confusing. I believe it to be incorrect. Our withholding agent is TGA.

The reply I received from Exxaro was just as bad....this is not a direct copy and paste as I have changed He/She to they-just for my privacy-everything else is duplicated.

"I am not sure where they get the 10% from. If they are prepared to share that with us I will investigate.
Exxaro is obliged to deduct 20% withholding tax unless the beneficial owner gives a declaration that a reduced rate should be applied.
The UK/SA DTA reduces the rate to 15% if less than 10% is held.
Hope this helps"

.........but all was not lost. I asked a further question and did indeed share my information with Exxaro and received this:

"As per advise from our inhouse taxa consultant, please find attached

herewith an example of a declaration we will require to apply the reduced rate. It should be completed and submitted to Exxaro before declaration of dividend."

Underneath was a document similar to the Pan African one, but with an "X", already put in for me next to "individual", and "10%", entered in to the reduced rate box........maybe it was them saying sorry? Maybe they were just humouring me?

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