NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 30

30. DIVIDENDS

AfroCentric Investment Corporation Limited passed two resolutions whereby dividends were declared in the 2016 financial year. The first dividend was declared in September 2015 of 10 cents per share and the second dividend was declared in March 2016 of 12 cents per share, being the interim dividend. The Rand value of R55.4 million was paid in October 2015 for the first dividend and R66.5 million was paid in May 2016 for the second dividend. These dividends were debited to retained earnings in 2016.

  Group   Company  
  June
2016
R'000
  June
2015
R'000
  June
2016
R'000
  June
2015
R'000
 
Dividend declared by AfroCentric Investment Corporation Limited in September 2015 55 438   84 214   55 438   84 214  
Dividend declared by AfroCentric Investment Corporation Limited in March 2016 66 525   46 785   66 525   46 785  
Other dividends in the Group:        
Dividend declared by AfroCentric Health (Pty) Ltd in October 2015 4 536   5 670      
Dividend declared by AfroCentric Health (Pty) Ltd in March 2015   4 383      
Dividend declared and paid by Medscheme (Namibia) (Proprietary) Limited to non-controlling interests 4 408   3 544      
Dividend declared and paid by Allegra (Proprietary) Limited to non-controlling interests 578   849      

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 30