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Turnstar retain dividends to ward-off Covid-19 effects

Turnstar retain dividends to ward-off Covid-19 effects
HOLDING ON: Abdoola

Due to uncertainty in the business environment caused by the Covid-19 pandemic, Turnstar Holdings Limited has decided not to pay dividends for the year ended January 2020.

When announcing the group’s financial results on Monday, the company’s Managing Director, Gulaam Abdoola told shareholders that Turnstar is implementing all the self-help steps available to keep the company liquid and strong.

“We paid an interim dividend of 9 thebe per linked unit for the first half of the financial year in January 2020. The company will not pay a final dividend, as has been traditionally done since t...

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