BHP Billiton may be forced to cut shareholder payouts as a deadly mining disaster in Brazil adds to the company’s woes amid slumping commodity prices and slowing global growth.
Standard Chartered plans to raise $5.1bn in a rights issue as the bank reported an unexpected quarterly loss and says it will pay no final dividend for this year.
The investment bank has paid a dividend since at least 1957, when it was re-established as a centrally managed financial institution.
David Shapiro joined Alec Hogg and Gugulethu Cele to talk all things markets. Focusing the spotlight on Sasol’s share price plummet.
Transaction Capital published results today declaring a 35% drop in headline earnings per share and a 36% drop in headline earnings. Alec Hogg was joined on CNBC Africa’s Power Lunch by David Hurwitz, CEO of Transaction Capital to discuss the results.
Assupol, which trades at 500c, delivered sparkling results to end June, declaring a total dividend of 78c a share – 48c of which is a repayment of capital.
Liberty Holdings released its interim results today, reporting a 10% increase in BEE normalised headline earnings per share, a 19.9% return on BEE normalised equity, and a 9% increase in its interim dividend. Liberty has a current market cap of R37.8 billion and a price to earnings ratio of 8.46. Its share price is up 13.5% … Read more