Subscribe & Follow
Trending
#AfricaMonth
Advertise your job vacancies
Jobs
- Car Wash Supervisor Midrand
- Journalist Johannesburg
- Certified Technician Somerset West
- Certified Level 3 or 4 JLR Technician Stellenbosch
- Dealership Sales Executive Stellenbosch
- Pre-owned Vehicle Sales Manager Richards Bay
- 12-Month Automotive Learnership Pinetown
- 12-Month Automotive Learnership Opportunity Empangeni
- Experienced Marketer Kempton Park
In the news
Volkswagen could forego 2015 dividend payout
Troubled German auto giant Volkswagen could forego a dividend payment to shareholders for 2015 in the wake of the massive diesel engine manipulation scandal, the German news agency DPA reported.
©Dmitriy Shironosov via 123RF
While a final decision has not yet been taken, "there is no sign that shareholders might even be able to hope for a single cent" in a dividend payout, DPA quoted an unnamed supervisory board member as saying.
Contacted by AFP, a VW spokesman declined to comment on the report. "We will publish details of our business figures at our annual balance sheet news conference on 28 April," he said.
In the past, VW has been very generous to its shareholders and last year paid out 4.86 euros per preference share and 4.80 euros per ordinary share. But the carmaker is currently engulfed in a scandal of global proportions after it was revealed that it installed software into 11 million diesel engines worldwide that intentionally skewed emissions values during testing. And the huge cash mountain it has amassed in recent years is likely to be needed to pay for the still incalculable fines and legal costs connected with the affair.
VW has had to postpone both its annual news conference and its annual shareholder meeting as it struggles to cope with the fallout from the affair.
Source: AFP
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za