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MultiChoice declares ZAR 1.5 bln payment to Phuthuma Nathi shareholders

Thursday 29 August 2019 | 10:08 CET | News
MultiChoice South Africa (MCSA) has declared a dividend to Phuthuma Nathi (PN) shareholders of ZAR 1.5 billion, an increase of 13.6 percent from 2018. The extra 5 percent share allocation given to PN, as part of MultiChoice Group's (MCG's) listing, contributed to the increase in dividend. PN is a Broad-Based Black Economic Empowerment (B-BBEE) scheme that owns a 25 percent stake in MCSA. 

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Categories: Broadcast & Satellite
Companies: MultiChoice / Naspers
Countries: South Africa
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