Thesis (MBA)--Stellenbosch University, 2008. / This study investigated whether the way in which dividends are taxed in South
Africa, with the introduction of Secondary Tax on Companies (STC) in 1993,
together with the extensive piece of legislation which incorporates dividends, has
a negative impact on the total amount of dividends paid by companies listed on
the Johannesburg Stock Exchange for the period from 1993 to 2006.
The Wilcoxon Signed Ranked test was employed to compare the difference in
total dividends declared, effective from 1993 and repeated for 1995. The results
of the negative differences in proportion to the positive differences measured
were then compared to the size of STC applicable in 1993 and 1995.
The results of the comparison were that STC had no negative effect on the total
dividends paid on the companies used in the sample and the majority of
companies constantly increased dividend payments.
The study did not distinguish between the different origins of dividends as
research advises that the origins of dividends have changed during the increase
and decrease of STC. It does seem that total dividends declared are increasing.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/18152 |
| Date | 03 1900 |
| Creators | Ellis, Edlynn Cecelia |
| Contributors | Hamman, W. D., Stellenbosch University. Faculty of Economic and Management Sciences. Graduate School of Business. |
| Publisher | Stellenbosch : Stellenbosch University |
| Source Sets | South African National ETD Portal |
| Language | en_ZA |
| Detected Language | English |
| Type | Thesis |
| Rights | Stellenbosch University |
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