Tag: dividend

A 26% increase in headline earnings per share and a robust balance sheet enabled an 81% increase in the interim dividend per share. The South African economy held up relatively well as global economic conditions deteriorated significantly in the first half of 2022.

MultiChoice Group (MCG, or the group), Africa’s leading entertainment company, delivered steady margins for the year ended 31 March 2022 (FY22). Reduced losses in the Rest of Africa (RoA), a rebound in advertising revenues and a continued focus on cost containment enabled us to absorb the R1.1 billion impact of a normalisation in content costs as live sport returned and we resumed our local content production post the COVID-19 lockdowns.

Nedbank has released results for the year ended December 2021. Naturally, this was a much happier year for Nedbank than the year before. The commodity cycle pulled our economy through a tough time, which has knock-on benefits for the big banks.

Inflation has been making a comeback. Not so long ago, it had seemed that we had vanquished (at least in the developed world) this sneaky foe of long-term wealth creators everywhere, thanks to tightly controlled central bank policies and the wonders of inflation targeting.

There have been significant developments at Naspers-Prosus in recent times. The Great Value Unlock Trade (a cross-holding structure that was highly criticised by asset managers) was implemented, which made Naspers smaller in the local market and Prosus larger in the European market.

The bank is taking a cautious approach due to pandemic uncertainty but says payouts may resume as early as June. Nedbank won't be paying a final dividend for 2020 after rising credit impairments, fewer transactions and falling interest rates resulted in a big decline in full-year earnings. But it is confident that payouts will resume this year.

The video entertainment group says its strong balance sheet will support a maiden dividend at the end of the year. MultiChoice says it remains on track to pay a maiden full-year dividend amounting to R2.5 billion following a strong start to its 2020 financial year. And it's almost halved trading losses at its African operations outside of South Africa as it continues to draw more viewers.

The luxury goods group says if local depositary receipt holders have not received their reclaim forms by month end they should get in touch.