Notes to the Group Annual Financial Statements – Note 26

26. Dividends
 

AfroCentric Investment Corporation Limited passed two resolutions whereby dividends were declared in the 2018 financial year. The first dividend was declared in September 2017 of 14 cents per share and the second dividend was declared in March 2018 of 16 cents per share, being the interim dividend. The value of R77.6 million was paid in November 2017 for the first dividend and R88.7 million was paid in May 2018 for the second dividend. These dividends were debited to retained earnings in 2018.

  Group   Company  
  30 June 2018
R’000
  30 June 2017
R’000
  30 June 2018
R’000
  30 June 2017
R’000
 
Dividend declared by AfroCentric Investment Corporation Limited in September 2017 77 613   66 525   77 613   66 525  
Dividend declared by AfroCentric Investment Corporation Limited in March 2018 88 700   77 613   88 700   77 613  
Other dividends in the Group:                
Dividend declared and paid by ACT Healthcare Assets Proprietary Limited to non-controlling interests 48 216   14 350      
Dividend declared and paid by Medscheme (Namibia) Proprietary Limited to non-controlling interests 3 328   15 222      
Dividend declared and paid by Allegra Proprietary Limited to non-controlling interests   3 044      

Notes to the Group Annual Financial Statements – Note 26