GEN - FTSE/JSE Africa Index Series - Dividend Withholding Tax in the Total
JSE
GEN
GEN - FTSE/JSE Africa Index Series - Dividend Withholding Tax in the Total
Return Indices
Dividend Withholding Tax in the Total Return Indices
FTSE/JSE Africa Index Series
13 February 2012
Total Return Indices in the FTSE/JSE Africa Index Series are currently
calculated using dividends at their declared rate. The dividend taxation
regime is changing from 01 April 2012 with the implementation of a Dividend
Withholding Tax at a rate of 10%.
At their meeting on 07 December 2011, the FTSE/JSE Advisory Committee
determined that, from 01 April 2012, the net dividend rate would be used
when calculating ex-dividend adjustments in all FTSE/JSE Total Return
Indices. Notes from the meeting were published in January 2012, and the
updated calculation guide with the precise numerical treatment will be
published shortly after the March 2012 Advisory Committee. Two index values
will continue to be published for each index in the Series: a capital, or
price, index level, and a total return index level. The inclusion of
dividends on a net basis is consistent with the current treatment of
dividends in the Series.
Index users that will not be able to continue their use of the Total Return
Indices on a net dividend basis are requested to submit details of the
impact to indices@jse.co.za by Friday, 24 February 2012. All comments will
be consolidated and presented to the FTSE/JSE Advisory Committee meeting on
07 March 2012.
FREE TRIAL OFFER: FTSE offers free one month index trials to interested
clients. For further information or general enquiries please contact us at
info@ftse.com or indices@jse.co.za or call:
Client Services in UK: Tel: +44 (0) 20 7866 1810
Client Services in Europe, Middle East & Africa: Tel: +44 (0) 20 7866 1810
Client Services in US: Tel: +1 888 747 FTSE (3873) or +1 212 314 1139
Client Services in Asia Pacific: Tel: +852 2164 3333 or +65 6223 3738 or
+81 3 3581 2811
JSE Limited: Tel: (+27 11) 520 7106 or + (+27 11) 520 7137
Alternatively please visit our website at www.ftse.com or www.ftsejse.co.za
Terms of Use | Copyright Copyright FTSE
Date: 13/02/2012 17:20:01 Produced by the JSE SENS Department.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
