In a move that is likely to feature heavily in deliberations by the boards of SA’s largest banks ahead of the earnings season, the Reserve Bank has authorised banks to resume the payment of ordinary dividends and short-term executive bonuses.

While the central bank updated its guidance last week, the development came to light only on Monday in a directive authored by Kuben Naidoo, the deputy governor and CEO of the Prudential Authority, the regulator of the bank sector...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now