‘Absa to pay special dividend’

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Absalogo111 Independent Newspapers File photo: Simphiwe Mbokazi

Johannesburg - South Africa's Absa Group plans to return some of its excess capital to shareholders by paying a special dividend, its chief financial officer said on Tuesday.

“The use of our excess capital will be through a special dividend,” David Hodnett told Reuters following the bank's presentation of its full-year earnings.

Absa is the South African unit of Britain's Barclays. - Reuters

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