Standard Bank, which last week told investors it had not had any guidance from the central bank that such a move was imminent, said it would consider the request and advise shareholders in due course.
“The board fully recognises the importance of dividends to the group’s owners,” the bank said in a statement. “However, it also recognises the need to support households and businesses amid the COVID-19 pandemic and the importance of ensuring the stability of the group in the short, medium and long term.”Banks pay dividends to reward shareholders and dispose of excess profits but can opt to retain these to bolster capital.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa confirms 11 deaths of COVID-19 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.On Sunday the total number of confirmed COVID-19 cases stand at 1655, this is an increase of 70 from the previously reported cases. FlattenTheCurve 👇 Only now? You guys are really delayed hei 😳 👀👀just wish people would listen
Source: SABC News Online - 🏆 32. / 51 Read more »
Africa could lose 20 million jobs due to pandemic - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink in 2020 due to the impact of the coronavirus pandemic, according an African Union (AU) study. U are part of the problem. You're proud to call this nonsense news... You know its blacks... mostly South Africans Thought there was no jobs nje 🤦♂️😥😥
Source: SABC News Online - 🏆 32. / 51 Read more »
More than 8 000 cases of coronavirus in Africa, 399 deaths: WHO - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Coronavirus has claimed 399 lives so far in Africa. According to statistics from the World Health Organisation, there are 8 916 confirmed cases of the virus on the continent. via SABCNewsOnline So wat Not so long it was 24 dead people jiki jiki its 399🙄🤷♂️ something ain't right
Source: SABC News Online - 🏆 32. / 51 Read more »