How does one declare and pay CGT?

If you are a shareholder of a company and the company has sold out a chunk of its shares... And due to this a pay out will be made to each shareholder.. I own 2% of the company. I am told I will get a pay out of R60k what will be my CGT amount more or less?

What did you pay for the shares? You would need to take the gain and include 40% of it in your income so the most you will ever get taxed is 16% or so if you are being taxed at the highest tax bracket.

Take 40% of the gain and add it to your other income and then make use of our SARS income tax calculator to work out your overall tax.

Is there a way I can have the cash transferred to me and possibly pay less tax...such as transfer it to an investment account???

Unfortunately not - the sale of the shares is a taxable event which will trigger the capital gains tax regardless of how the cash is paid out.