Provides an overview of the new capital gains taxation system in South Africa, which became effective on 1 October 2001. Covers various aspects of capital gains taxation, including how the rules apply, disposals, calculating the base costs, the base cost of assets at 1 October 2001, loss limitation, anti-avoidance provisions, rollover relief, primary residence, other exclusions, estates and trusts, company rules, foreign currency, and likely future developments.