NOTES TO THE FINANCIAL STATEMENTS | Note 27

27. DIVIDENDS
 

AfroCentric Investment Corporation Limited passed two resolutions whereby dividends were declared in the 2020 financial year. The first dividend was declared in September 2019 of 17 cents per share and the second dividend was declared in March 2020 of 17 cents per share, being the interim dividend. The Rand value of R97.6 million was paid in November 2019 for the first dividend and R97.6 million was paid in May 2020 for the second dividend. These dividends were debited to retained earnings in 2020.

 
Group
  Company  
  2020
R’000
  2019
R’000
  2020
R’000
  2019
R’000
 
Dividend declared by AfroCentric Investment Corporation Limited in September 2019 97 621   88 700   97 621   88 700  
Dividend declared by AfroCentric Investment Corporation Limited in March 2020 97 621   97 621   97 621   97 621  
  195 242   186 321   195 242   186 321  
Dividends declared and paid to non-controlling interests        
Dividend declared and paid by Medscheme 43 900   10 341      
(Namibia) Proprietary Limited to non-controlling interests 9 230   7 891      
Dividend declared and paid by Allegra Proprietary Limited to non-controlling interests 10 780   2 450      
Dividend declared and paid by Scriptpharm Risk Management Proprietary Limited to non-controlling interests 1 344        
Dividend declared and paid by ACT Healthcare Assets Proprietary Limited to non-controlling interests 22 546        
  239 142   196 662   195 242   186 321  

NOTES TO THE FINANCIAL STATEMENTS| Note 27