Taking into consideration the declining basket price, the uncertain demand fundamentals, global recession fears and the continuing uncertainty brought about by the M&A activity, the board of Royal Bafokeng Platinum (RBPlat) decided to adopt a conservative approach in declaring the interim dividend. The Board declared an interim gross cash dividend of 245 cents per share, equating to R711 million. The dividend was declared from retained earnings and will be subject to a dividend withholding tax of 20% for all shareholders who are not exempt from or do not qualify for a reduced rate of withholding tax, JSE-listed RBPlat stated in a release to Mining Weekly.
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