The Directors of Tradehold Limited have declared a gross cash dividend of 19.59722 cents per A Preference Share for the period from 1 December 2016 to 1 March 2017. The distribution constitutes a foreign dividend as defined in section 1 of the Income Tax Act (ITA) and is a dividend for purposes of dividends tax (DT), since the shares are listed on the JSE Limited. An exemption from DT is provided for in the ITA in respect of foreign dividends paid to a South African company and to a non-resident to the extent that it is paid in respect of listed shares, provided certain administrative procedures are complied with. The ITA further provides for an exemption from income tax in respect of foreign dividends received or accrued in respect of listed shares. Shareholders who are not exempt from the DT will therefore receive a net dividend of 16.65764 cents per A Preference Share. Record date is 24 February, 2017. Payment date is 1 March, 2017.