Member Info for Gubby

Hi mimbrit, I think you're right about the 10% and having to effectively"apply", for the 10%...re Mr Africa's first reply to me....

Just got my computer back, wiped etc, so still on phone, but trying to sort it as it will make it much easier to post.....we all make mistakes...

I'll post both my emails to him and his first, apparently confusing at the time, response to me...much less confusing now, hopefully.

Incedentally.... anybody checked the TGA investor tab....?

TGA All The Way!!

mimbrit, are your other "certified holdings", in SA companies, if so do you receive a dividend from any?

$195.75

https://m.miningweekly.com/article/weekly-commodities-market-wrap-2022-02-14/rep_id:3861

Boatman Capital. And I don't know if the first short showing was anything to do with them....but...

....need to update.

Something, did you actually "know", we were getting an update or was it just an incredibly inspired guess...?

I want you to pick my lottery numbers...

.... with regards to Mr Africa's response on Witholding Tax liability for UK shareholders.....as yet, "inconclusive". In fact his email made things even worse so I haven't been prepared to share it yet.
At the risk of looking like an even bigger twit, I decided to email Mr Africa again and pretty much say that the Prospectus is wrong and misleading.
Then I decided to email Sasol IR and ask them about UK shareholders Witholding Tax liability. They have not replied yet.
Then last night, just when I'd resigned myself to the fact that Mr Africa probably thinks I'm nuts, I got another email:

"Dear XXXX

Thank you for your follow-up mail. I have noted your further concern.

I am following up on this matter and will revert once I have the required information."

....so without sounding like an arrogant, carrot-dangling braggart, the saga does actually continue.

$182.75

https://m.miningweekly.com/article/weekly-commodities-market-wrap-2022-02-07/rep_id:3861

also got a response from Mr Africa

Yes Suark, from this site a 600000 possible buy at £4.86odd. :-)

..unless in higher tax brackets then 32.5% & 38.1%.

...and whilst we're on taxes and percentages...
..somebody mentioned that CGT is 40%, this is incorrect, it's 10 or 20% depending on your personal tax bracket.
Tax on dividends is 7.5% unless in ISA/SIPP etc

... sorry the "I" uncapitalised.

I've emailed Ryan Africa.....

.... might be digging my hole deeper and deeper...

I may shortly look like the biggest goon on the board, gulp...

Heretical suggestion, but I think the full stop should be a comma and the "F", uncapitalised, there should be only "two", sentences, not "three". This is one of the reasons I was flummoxed months/weeks ago when mentioning SA Witholding Tax. It's a typo.

"In the case of UK resident Shareholders, the convention between the UK and South Africa for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains, concluded on 4 July 2002, as amended by a protocol signed on 8 November 2010 (the “UK/South Africa Treaty“) provides for lower withholding rates of 5%. If the Shareholder is a company which holds at least 10% of the capital of the Company or 10%, in other cases. In order to benefit from a lower withholding tax rate under the terms of the UK/South Africa Treaty, the UK resident Shareholder would be required to lodge the prescribed declaration and written undertaking with the Company prior to any distribution or such other date as the Company may announce."

SA withholding tax is 10% of div paid to UK residents whether in an ISA or not. If outside tax free wrapper personal £2000 allowance for divs. Single person etc.
Apologies, on phone, computer broke.

Pictsloup neglected to paste most of the paragraph...

https://www.gov.uk/hmrc-internal-manuals/double-taxation-relief/dt17353

5% if you own 10% of shares

DYOR

Looks like 10%

https://taxsummaries.pwc.com/south-africa/corporate/withholding-taxes