African Bank Holdings, the group that was resurrected from the ashes of its former parent African Bank Investments (Abil) after its near collapse in 2014, has paid out its maiden dividend. 

The group, which houses the new African Bank lending unit and also sells credit life insurance and funeral policies, on Friday paid its inaugural gross dividend of 20c per ordinary share to its shareholders. With issued share capital of 500-million ordinary shares on the date of the dividend declaration, the total ordinary shareholder payout amounts to R100m...

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