Africa’s largest pharma company says it is comfortable with its progress in cutting debt, an issue that has punished its share price
Africa's largest drug maker says it is comfortably reducing its hefty debt levels and may resume dividend payouts for its 2020 year.
The pharmaceutical company had withheld its dividend for the year to end-June 2019 for the first time in almost a decade, but now feels more comfortable with its position, after slashing debt 38% to R33.4bn over about 12 months.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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