NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS | Note 29

29. Dividends
 

AfroCentric Investment Corporation Limited passed two resolutions whereby dividends were declared in the 2021 financial year. The first dividend was declared in September 2020 of 17 cents per share and the second dividend was declared in March 2021 of 17 cents per share, being the interim dividend. The Rand value of R97.5 million was paid in November 2020 for the first dividend and R97.6 million was paid in May 2021 for the second dividend. These dividends were debited to retained earnings in 2021.

   Group  Company 
   2021
R’000
2020
R’000
2021
R’000
2020
R’000
Dividend declared by AfroCentric Investment Corporation Limited in September 2020
97 517 97 621 97 702 97 621
Dividend declared by AfroCentric Investment Corporation Limited in March 2021 97 271 97 621 97 744 97 621
  194 788 195 242 195 446 195 242
Dividends declared and paid to non-controlling interests in the Group 132 923 43 900
Dividend declared and paid by Medscheme (Namibia) Proprietary Limited 4 940 9 230
Dividend declared and paid by Allegra Proprietary Limited 8 330 10 780
Dividend declared and paid by Scriptpharm Risk Management Proprietary Limited 1 344
Dividend declared and paid by ACT Healthcare Assets Proprietary Limited 80 423 22 546
Dividend declared and paid by AfroCentric Distribution Services Proprietary Limited 19 600
Dividend declared and paid by Essential Group Services Proprietary Limited 19 630
  327 711 239 142 195 446 195 242

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS | Note 29