14 April 2020 – Issued guidance to reduce dividends and bonuses

Intervention Categories: Legal and policy; Regulatory change; Finance policy and financial aid
Level of Jurisdiction: National

Overview: The Government of South Africa issued guidance to reduce dividends and bonuses to ensure that banks use capital wisely.
Full details here: https://www.gov.za/speeches/minister-tito-mboweni-media-briefing-economy-and-coronavirus-covid-19-14-apr-2020-0000