E0.0 DIVIDEND FOR SWAZISPA SHAREHOLDERS
MBABANE – SwaziSpa Holdings Limited has not declared any dividend to its shareholders. Investopedia, an online search engine, defines a dividend as the distribution of reward from a portion of a company’s earnings and is paid to a class of its shareholders.
It was mentioned that dividends could be issued as cash payments, as shares of stock, or other property, though cash dividends were the most common.
SwaziSpa shareholders include Minor International Public Company Limited (MINT), Sun International and Tibiyo TakaNgwane.
The group owns and operates Sun International’s Hotels and Casino Resorts in the kingdom which comprise; Royal Swazi Spa, Country Club and Casino, Lugogo and Sun Hotel, which are all based at Eswatini’s arguably fastest developing town of Ezulwini.
Ended
The company’s financial statements for the year ended December 2018 reflect that casino business levels were the lowest in a number of years.
It was explained that a contributing factor to the drop for casinos and the slowdown in overall casino activity was the current economic climate. Added to the current local economic conditions, illegal gambling and political uncertainty continued to be a problem in South Africa compounded by the opening of a new casino in Maputo together with the challenges faced with the Mozambique market.
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