I've read that a trading loss on a derivatives account (e.g. warrants), can be declared on your ITR12 to offset your taxable income (trading for revenue, not capital gain)
http://www.moneywebtax.co.za/moneywebtax/view/moneywebtax/en/page260?oid=30246&sn=Detail My question is does this apply to an individual who is trading in their personal capacity / not as a profession? If so, where on the 2012 ITR12 would one declare that? Do I have to add the 'Local Business, Trade and Professional Income' section? If so, how much do I fill in, besides 'proceeds' and 'cost price' from my profit/loss report? What source code does it fall under?