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I contacted a chartered accountant Hugo van Zyl. He specializes in cross border tax stuff. He advised me that as I have Officially Emigrated, I have no more tax liabilities to SARS.
I have not paid a cent but am doubting his advice.
SARS has not contacted me and I am the type that will ignore this as it will go away then.
I will copy and paste his reasoning if I can find his email.

Nevermind I re-read the second part and it is only a CGT event if the capital returned is more than the acquisition cost....

I noted a new tax section regarding a capital return that could trigger a CGT event  in my Standard Bank CGT statement (see at end):

My interpretation (am I right?) is that this could affect Aspen which does not pay a dividend but use a "capital returned".
(1) If share bought before 1 Apr 2012 then its cost is reduced by the capital returned
(2) If share bought after 1 Apr 2012 then it triggers capital gains event for the tax year in which the capital is returned

Paragraph 76B: Reduction in base cost of shares as result of distributions

(1) Applicable to pre-valuation date assets
Where a return of capital or foreign return of capital by way of a distribution of cash or an asset in specie is received by
or accrues to a holder of a share and that return of capital or foreign return of capital is received by or accrues to the
holder on or after 1 April 2012 but prior to the disposal of that share and the share constitutes a pre-valuation date asset
in relation to the holder of that share, then for purposes of determining the date of acquisition of that share and the
expenditure in respect of the cost of acquisition of that share, the holder of that share must be treated as:
i. having disposed of that share at a time immediately before the return of capital or foreign return of capital is received or
accrued for an amount equal to the market value of the share at that time; and
ii. having immediately reacquired that share at that time at an expenditure equal to that market value less any capital
gain that would have been determined had the share been disposed of at market value at that time; and increased by
any capital loss that would have been determined had the share been disposed of at market value at that time, which
expenditure must be treated as an amount of expenditure actually incurred for the purposes of paragraph 20(1)(a).

(2) Applicable to post-valuation date assets
Where a return of capital or foreign return of capital by way of a distribution of cash or an asset in specie is received by
or accrues to a holder of a share and that return of capital or foreign return of capital is received by or accrues to the
holder of that share on or after 1 April 2012 but prior to the disposal of that share, the holder of that share must reduce
the expenditure in respect of the share by the amount of that cash or the market value of that asset on the date that the
asset is received by or accrues to the holder of that share. Where the amount of a return of capital or foreign return of
capital referred to above exceeds the expenditure in respect of the share of which that return of capital or foreign return
of capital is received or accrues, the amount of the excess must be treated as a capital gain in determining the aggregate
capital gain or aggregate capital loss of the holder of that share for the year of assessment in which that return of capital
or foreign return of capital is received by or accrues to the holder of that share.

Ok thanks - yes SB Securities did the same to my APN base cost but as they do not always do things right regarding CGT I was worried there for a while until I re-read the wording - I agree that it is unlikely unless a share increase by 30x or more - Aspen was about R 130 in 2012...