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If held as capital under 9C--- Any sales that have a capital gain, R40k will be deducted by the system as an exclusion and 33.33% of the remainder will be added to your other income and taxed at your margin. The effective tax on your investments would be about 18%.

In my case where I was living off my investments from year 1, I had to pay normal income tax and not CGT until my 3 year holding term was reached then it converted to CGT. My effective tax was about 30%.

Tax on dividends are not calculated by you as it is a withholding tax. This may vary depending on the amount of foreign dividends. Local dividends have a withholding tax of 20% for 2018 tax year.
The "Comprehensive Guide To Capital Gains Tax" is a good read if you have a company or are a SA emigrant with SA investments.

Always make your posts on tax short and simple. No doubt some readers will now include costs in their calculations just because you mentioned them. 

Should you have been trading like in selling your stocks before the 3 year holding period or even churning them and are unsure how to calculate your tax however complicated then ask here and I will post a simple method.

Do not include the costs of buying and selling shares. Use only the "Due By You" and "Due To You" amounts as this incorporates the costs.
If it was 1 Buy transaction and you sell all after 3 years then it is simple. Deduct the former from the latter to get your Gain/Loss.
Then choose CGT in efiling and enter the amount. The programme will deduct the R40k exclusion and place 33.33% of the remainder to your income and tax it at your margin.

Zuma is thinking that staying in power has caused the ZAR to get to 11.7 

Obviously SARS will not share your loss but I am not a total dumbo with tax and I have been reading tax for many years.
You, my friend will be a total a-hole if you let SARS tax you as revenue on securities held for 3 years. Section 9C always prevails and not even SARS can wish it away.

Listening to Simon Brown's podcast this morning tells me he has not heard of Section 9C of the Income Tax Act.
In short, a listener wrote to Just One Lap to say he sells his shares every 3 years to make use of the R40k exclusion amount and to readjust his base cost upward. This method will prevent him getting a huge tax bill when he retires.

Simon's argument was that SARS will eventually see this as tax evasion and tax it as revenue.
This is not so as the Section 9C was written in such a way to exclude "intention" that Section 8 allows. So holding on for the 3 year duration does not give you or the state the right to chose the gains as Capital or Revenue. It has to be seen as Capital only and taxed as CGT.

One up day does not make a rally. If you look at the month chart you will see a few up days even though it is a bear chart.

Yes, I am glad I held onto ADI. Made 52% over the past month. She merely went out of favour even though the fundamentals were great. The best performer over the past 2 weeks.