African Bank pays out R100m in dividends
Group pays inaugural total dividend of 20c per ordinary share to shareholders that include the Reserve Bank and GEPF
20 January 2023 - 11:39
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...
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.