Ngwenya (Pty) Ltd made a restraint of trade payment of R2 300 000 to a retiring employee, Mr Msomi, on 1 January 2025. Mr Msomi was restrained from competing with the company for two years from the date of the payment. This payment will be included in Mr Msomi's gross income for his 2025 year of assessment.

Calculate how much will be deductible by Ngwenya (Pty) Ltd for the year of assessment ending 28 February 2025.