Woolworths’ Interim Dividend Climbs more than 30%

WOOLWORTHS will be paying shareholders a bigger interim dividend in March, having battled and conquered challenging trading conditions in SA and Australia.

The retailer on Thursday declared an interim gross cash dividend of 133c for the six months to December 27 2015, up 37.8% from 96.5c in the year-earlier period.

The company’s outlook, however, does not seem too rosy.

"Conditions are expected to become more difficult....

Oil Pay: Sasol decision on earnings for executives draws criticism

THE decision by Sasol’s remuneration committee to change the key performance indicators (KPIs) for executives to reduce the weighting of company earnings, in a year when Sasol’s earnings were hit by a slump in oil prices, came under fire at the group’s annual general meeting (AGM) on Friday.

 

In the year to June, the influence of company earnings in determining executives’ short-term incentives was reduced to 35% from 55% last year. Sasol’s headline earnings a share fell 17% in this period compared with last year.

According to the annual report, the net base salary earned by CE David Constable — who, as an expatriate, is paid in dollars — rose 4% to $935,618 this year from $899,633 last year, while his net short-term incentives fell 40% to $1.03m from $1.7m.

Goverment Earnings from Crude Oil to Diminish Soon – Research Experts

Research experts in Nigeria’s oil and gas sector say the Federal Government’s earnings from crude oil will diminished in the next couple of years.

 

They made the assertion in their presentations at the ongoing Society of Petroleum Engineers Conference and Exhibitions in Lagos, which began on Wednesday.

The News Agency of Nigeria reports that their projections were based on limited demands for crude oil amid subsisting free-fall in the international price of crude.

The theme of the conference is “Natural Gas Development and Exploitation in an Emerging Economy, Strategies, Infrastructure and Policy Framework.”