Bank Dividend Reprieve Comes With Warning in South Africa
Bank Dividend Reprieve Comes With Warning in South Africa Bloomberg 2/22/2021 Roxanne Henderson (Bloomberg) -- South Africa’s banking regulator eased guidance to lenders that they shouldn’t pay dividends and executive bonuses -- though warned that protecting cash reserves must still take priority amid ongoing uncertainty from the Covid-19 pandemic. Popular Searches Where boards approve such payouts, they should be “prudent and commensurate with the assessment of current conditions and potential future uncertainty,” Prudential Authority Chief Executive Officer Kuben N...
Source: msn.com
