South African billionaire Michiel Le Roux’s Capitec Bank announces $20.37-million dividend payout
This dividend payout underscores Capitec Bank’s commitment to shareholder value creation.
This dividend payout underscores Capitec Bank’s commitment to shareholder value creation.
The award recognizes Eaton’s $200-million-plus investments in clean energy projects and workforce training across facilities in Texas and Wisconsin.
A financial services group with total assets of $4 billion as of Dec. 31, 2023, Stanbic IBTC ranks among the top 15 most valuable companies on the Nigerian Exchange.
PSG Group is a holding company, with positions in banking, education, finance, and consumer goods. The South African Mouton family owns 24.5 percent of the company.
NCBA Bank Kenya justified the increase, citing the need to align with prevailing market conditions.
Naspers stays bullish on the future, reaffirming its focus on boosting shareholder value through ongoing share buybacks.
Demonstrating its commitment to shareholder returns, Capitec Bank’s board of directors declared a final dividend of R3.345 ($0.1754) per share on April 22, 2024.
The announcement comes hot on the heels of a pivotal meeting convened at the New Administrative Capital’s government headquarters.
Calisto, who holds a 74.7-percent stake in Karooooo worth more than $640 million, ranks as one of Africa’s leading tech entrepreneurs.
Onakoya aims to empower one million underprivileged children within five years by providing free chess instruction, after-school programs, and tournaments.
Co-op Trust’s assets have quadrupled since 2014, rising from Ksh52.5 billion ($392.4 million) to Ksh218.38 billion ($1.7 billion) in 2023.
This increase is fueled by heightened investor interest in the Cairo-based company on the Egyptian Exchange.
Fourie holds a 0.89-percent stake in the leading retail bank, equivalent to 1,027,673 ordinary shares.
Despite this setback, Wiese remains a prominent figure among JSE investors and retains his position as one of Africa’s wealthiest businessmen.
The proposed dividend payout represents a notable increase from the previous dividend of Ksh0.75 ($0.00563) per share, amounting to Ksh272 million ($2 million).
The recent decision to sell Transcorp Hotels Calabar exemplifies a wider consolidation trend within the Nigerian hospitality sector.