Chamwe Kaira
Choppies Enterprises Limited has confirmed its final cash dividend for the six months ended 31 December 2025.
The company had announced the dividend on 25 March 2026 on both the Botswana Stock Exchange (BSE) and the Johannesburg Stock Exchange (JSE).
A gross final dividend of 1.0 thebe per share will be paid to shareholders on record as of 17 April 2026.
For shareholders on BSE, the dividend will be subject to a 10% withholding tax. This results in a net payment of 0.9 thebe per share.
The last day to trade with the dividend is 14 April 2026. Shares will trade without the dividend from 15 April 2026. Payments will be made on 29 April 2026.
Shareholders on JSE will receive the dividend in South African rand. The exchange rate was set at BWP 1 to ZAR 1.15500 on 10 April 2026.
This gives a gross dividend of 1.15500 cents per share before tax.
After Botswana’s 10% withholding tax, the net dividend is 1.03950 cents per share.
The dividend is treated as a foreign dividend for South African tax purposes. Additional tax may apply for non-exempt shareholders under South African law.
A standard 20% withholding tax applies, reduced by the Botswana tax already deducted. This results in a maximum net dividend of 0.92400 cents per share.
For Botswana residents holding shares on JSE, withholding tax is capped at 15% under the Botswana–South Africa tax agreement. This results in a net dividend of 0.98175 cents per share.
Choppies operates more than 20 stores in Namibia.
The company is also considering expansion into southern Namibia, where oil and green hydrogen developments are expected to create demand.
