Sabvest proceeds with interim dividend as investees recover
The investment holding company is proceeding with a R4.1m payment, saying cash flow at most of its investments hasimproved
10 November 2020 - 10:40
UPDATED 10 November 2020 - 11:07
Investment holding company Sabvest Capital, which trades at a hefty discount to the value of its underlying investments, has opted to proceed to a R4.1m interim dividend payment a little earlier than expected, expressing confidence in the post-pandemic recovery of its businesses.
The group, which has interests in businesses ranging from clothing to taxi financing, had previously opted not to pay an interim dividend for its six months to end-June, saying at the time it would consider one in December...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.