14 April 2020 – Issued guidance to reduce dividends and bonuses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

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