Remgro Settles tax disputed with SARS

REMGRO on Friday said it has resolved all three of the tax disputes it has with SARS. Two of these disputes, amounting to R1.158bn, involved a potential secondary tax arising from the buy-back and cancellation of treasury shares in the HY to end-Dec. The third dispute, totalling R755m, related to the disposal of investments. Both of these amounts included interest up to Dec. 31. Shares in REMGRO closed up 5.56% at R189.95 on the JSE on Friday. This news brief represents a summary of the original article.