S.Africa's Multichoice plans inaugural dividend of $181 million
JOHANNESBURG, Jan 21 (Reuters) - Africa's biggest pay-TV
business Multichoice intends to pay a 2.5 billion rand ($181
million) dividend in 2020 after it has been unbundled from its
parent, Naspers, its chief financial officer said on
"The board intends to declare an inaugural dividend of 2.5
billion rand for our financial year 2020," Tim Jacobs told
Reuters by phone, after Multichoice gained approval to list on
the Johannesburg Stock Exchange.
($1 = 13.8100 rand)
(Reporting by Emma Rumney
Editing by Joe Brock)
First Published: 2019-01-21 18:56:06
Updated 2019-01-21 19:03:29
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