MTN Zakhele Futhi in talks with MTN about lack of interim dividend
MTN’s decision not to declare a dividend could affect the ability of the listed special empowerment vehicle to pay scheduled dividends
03 August 2020 - 14:00
MTN Zakhele Futhi, the special-purpose empowerment vehicle of Africa’s largest mobile operator, says it is in talks with MTN over that company’s decision not to pay an interim dividend, which could affect its ability to pay scheduled preference dividends.
The full effect of this is being determined, with the empowerment vehicle saying it was in “discussions with MTN and the preference share funders to find solutions to mitigate the impact”...
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