Description
QUESTION 2 (continued)
5. Restraint of trade payment
TM made a restraint of trade payment of R225 000 on 1 November 2025 to Mr. B.
Mkiza, the marketing manager, who has retired on 31 December 2025. Mr. Mkiza is
restricted for four years from the date of payment to compete with TM. Only R200 000
of the amount paid was taxable in the hands of Mr. Mkiza.
6. Learnership agreements
TM entered into the following learnership agreements:
• On 1 February 2025 TM entered into a learnership agreement with an employee
with a NQF level 5 qualification for a period of 12 months. The employee
completed the learnership training on 31 January 2026. The employee has a
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