Capitec withholds dividend due to central bank guidance
14 April 2020 - 09:06
Banking group Capitec has not declared a final dividend after the Reserve Bank recommended SA banks shore up their balance sheets due to the Covid-19 outbreak.
The group, whose policy is to pay 40% of headline earnings to shareholders, was due to distribute about R2.5bn to shareholders in its 2019 financial year, but has paid about R870m in an interim dividend payment...
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