LETTER: Not all shareholders are wealthy
Calls for companies to cut dividends will hit privately funded pensioners
Tiisetso Motsoeneng’s latest column refers (“Dividends need to be sacrificed for the good of the company (https://www.businesslive.co.za/bd/opinion/columnists/2020-04-15-tiisetso-motsoeneng-dividends-need-to-be-sacrificed-for-good-of-the-company/)”, April 15). I have become used to the disregard of the plight of privately funded pensioners by the government, other politicians not actively in the government, private business benefactors and the media “commentariat”.
While I applaud the efforts to support small businesses and independent contractors, I see one other category of previously self-supporting citizens being totally overlooked. These are the people — not rich, not politically connected, not beneficiaries of any government pensions — who are retired and living frugally off the income from a carefully chosen, tended and harvested little garden of shares in non-risky investments...
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