As businesses hunker down for a prolonged economic standstill, boards of directors in some SA companies have considered it prudent to close dividend taps and build cash buffers to withstand the Covid-19-induced downturn.

It’s annoying to shareholders. But it would be difficult to make a case for payments if it means your company will not be able to come out on the other side of the pandemic that has triggered a fight for survival even among global industry stalwarts...

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