Standard Bank, which is due to pay ordinary shareholders about R8.6bn in dividends this month, says it is considering a request from the Reserve Bank to hold on to its dividends due to uncertainty from the Covid-19 pandemic.“The board fully recognises the importance of dividends to the group’s owners,” the group said.
The Reserve Bank through its banking-supervision unit, the Prudential Authority , advised banks on Monday to not distribute dividends and put bonuses for senior executives on hold. Nedbank declared a final dividend of R6.95, which is also due to be paid on April 20, and has about 500-million shares in issue.
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Budget deficit will reach world war levels, says SA Reserve BankThe Bank warned that the deficit could exceed 10% of GDP this year due to the coronavirus
Source: BDliveSA - 🏆 12. / 63 Read more »