Dividends
Dividends paid in 2011 totalled R461 million and comprised a final dividend of 36 cents per share paid on 18 October 2010 and an interim dividend of 42 cents paid on 22 March 2011.
In determining the appropriate dividend, the directors set a policy that allows the Group to maintain paying dividends in the foreseeable future. The directors have determined that it is appropriate to pay dividends based on a dividend cover of 4.5 times based on maintainable earnings.
Dividend declaration
A final dividend of 48 cents per share was paid on 17 October 2011.
