MNM Ltd is a listed company. It paid cash dividends of R3 000 000 to its ordinary shareholders on 30 October 2019. The ordinary shareholders of MNM Ltd are l MNM Holdings Ltd, a resident company that owns 55% of the ordinary shares of MNM Ltd l a portfolio of the Nero Managed Fund, a collective investment scheme in securities, that owns 20% of the ordinary shares of MNM Ltd l various smaller investors who invested in MNM Ltd who hold the remaining shares in a dematerialised form through a number of CSD Participants (the share trading platforms provided by their banks). YOU ARE REQUIRED TO indicate the party responsible to withhold dividends tax in respect of the dividends paid by MNM Ltd.

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Explanation When a company pays cash dividends to its shareholders the shareholders are responsible ... View the full answer