https://www.sekunjalo.com/wp-content/uploads/2017/10/Sekunjalo-logo-300x102.jpg 0 0 Sekunjalo Contributor https://www.sekunjalo.com/wp-content/uploads/2017/10/Sekunjalo-logo-300x102.jpg Sekunjalo Contributor2020-06-18 17:49:552021-02-26 18:04:39AEEI maintains strong balance sheet
Published 18 June 2020 by Edward West
CAPE TOWN – Diversified investment group African Equity Empowerment Investments (AEEI) maintained a strong balance sheet with significant cash resources and minimal debt in the six months to February 29, 2020.
The gross interim dividend fell by 9 percent to 10 cents per share. The share price was unchanged at 75 cents Thursday morning.
New and acting CEO Valentine Dzvova said in a statement Thursday: “COVID-19 has had a major impact globally on all businesses and AEEI has not been spared. We realistically expect this effect to last for at least the next 24 -36 months, with potential for further fallout. We have started making the necessary adjustments to the business, mindful of the people and environments these decisions will also affect.”
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