AEEI swings into a loss, but increases its total dividend by a third
The group has delayed a decision to become a passive holding company, electing to stay hands on where needed
African Equity Empowerment Investments (AEEI), the parent company of Ayo Technology, has halved its final dividend for its unprofitable 2021 year, but its total dividend is still up a third.
AEEI is the listed trading company Sekunjalo Investment Holdings, which is chaired and was founded by businessperson Iqbal Survé. AEEI declared a 10c final dividend for its year to end-August, but its total dividend amounted to 40c — a R196.4m payout...