Been watching this on the way down...think it's way overdone but that's just me....
My reasoning is they have R535ish million income some of which will be a divi & 715ish million shares in issue.
Interim divi was about 39c so final could be around 30c & you can pick up some today for around R2
divi wil be about .76 % of +-40c..and then payout they say will be about 75% of that with tax implication
so expect final divi about +-31c...going forward if govt does not sign leases , this can only get worse as loan to book at about 43% and will increase...cost of debt all increasing too...so no guarantee of future payout being maintained....now saying govt will decide by end of this month...has been going on for last 12 months