NOTES TO THE ANNUAL FINANCIAL STATEMENTS – NOTE 21     2015 R’000       2014 R’000   21. TAXATION               Current tax  275 768       208 996     Current year 276 297       209 055     Adjustment in respect of prior years (529)       (59)     Deferred tax (10 271)       (2 554)     Current year (9 845)       (2 278)     Adjustment in respect of prior years (426)       (276)       265 497       206 442     Profit before tax 846 690       655 357     Tax at 28% 237 073       183 500     Income not subject to tax (16 116)       (8 852)     Expenses not deductible for tax purposes 6 681       7 053     Capital gains tax 8 698       (840)     Utilisation of previously unrecognised tax losses —       (71)     Tax effect of assessed losses not recognised 7 901       9 695     Share of losses from associates and joint ventures 22 215       15 924     Adjustment in respect of prior years (955)       (335)     Effect of different tax dispensations —       368     Tax charge 265 497       206 442     Effective tax rate 31%       32%   NOTES TO THE ANNUAL FINANCIAL STATEMENTS – NOTE 21