RE: Withholding dividend tax 20% to 10%31 Mar 2022 23:15
I queried the tax with ORCA and this was their reply
"Regarding the dividend, I have referred this to our dealing team and they have come back with the following:
Neither us or more importantly WBS can support individual holders receiving the dividend income with a reduced tax deduction (10% as opposed to 20% in this case). We will double check with WBS though.
This will be the first dividend distribution we have received for Thungela.
However, dividend distributions for Old Mutual, which is also a South African company, had 20% tax withheld".