BusinessLIVE’s owner Tiso Blackstar Group raised its interim dividend by 20% to 4.47275c per share for the six months to end-December from the matching period’s 3.74c. Shareholders will receive a special dividend of R40m once the group’s sale of its 22.9% stake in Kagiso Tiso Holdings (KTH) for R1.5bn has been completed. The company said in Monday’s interim results statement that the sale was expected to be completed in May, and the per share value of the special dividend would be calculated then. The group has been repurchasing its own shares, spending R10.7m buying back shares during the reporting period. The group’s overall interim revenue grew 6% to R4.5bn, with sales growth from its subsidiaries — Consolidated Steel Industries (CSI) and Robor — offsetting declines in its media and retail solutions divisions. CSI grew interim revenue 28% to R1.2bn and Robor grew interim revenue 12.3% to R1.1bn while the media division’s revenue shrank 7.4% to R1.3bn and retail solutions’ revenue...
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