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Compagnie Financiere Richemont SA Announces Dividend Payment Details

Strategic Insights

— 1 min read

Compagnie Financiere Richemont SA, a Swiss-based luxury goods conglomerate, has announced the dividend payment details for its shareholders on the Johannesburg Stock Exchange (JSE). The company has a secondary listing on the JSE and pays dividends in Rand to its South African shareholders. The dividend payment is subject to Swiss withholding tax and South African tax, with eligible shareholders able to recover part of the Swiss withholding tax.

The dividend payable per 'A' share is CHF 3.00000, with a net dividend of CHF 1.95000 after 35% Swiss withholding tax. The exchange rate applicable for the conversion of Swiss franc to Rand for payment of the dividend is ZAR 21.94500: Swiss franc 1. South African tax residents are eligible to recover 20% of the 35% Swiss withholding tax levied on the CFR dividend, resulting in a net dividend of ZAR 3,950.100 for non-exempt South African shareholders.

Key Takeaways:

  • The dividend payable per 'A' share is CHF 3.00000, with a net dividend of CHF 1.95000 after 35% Swiss withholding tax.
  • The exchange rate applicable for the conversion of Swiss franc to Rand for payment of the dividend is ZAR 21.94500: Swiss franc 1.
  • South African tax residents who are not exempt from the South African dividends tax will be subject to a rate of 5% South African tax, while those who qualify for exemption must file the relevant exemption forms with their brokers/banks.
  • The payment dates for the dividend in respect of the JSE shares are as follows: Finalisation date Wednesday, 10 September 2025, last date to trade "cum dividend" Tuesday, 16 September 2025, and settlement date Monday, 29 September 2025.

Statistics:

  • Gross dividend payable per 'A' share: CHF 3.00000
  • Net dividend payable per 'A' share (South African tax residents): CHAR 4,279.27500
  • Exchange rate applicable for the conversion of Swiss franc to Rand: ZAR 21.94500: Swiss franc 1
  • Swiss withholding tax rate: 35%
  • South African tax rate for non-exempt shareholders: 5%
  • South African tax exemption applicable for: South African companies and non-residents of South Africa

Sources:

  • Johannesburg Stock Exchange company announcement: Compagnie Financiere Richemont SA
  • Companies Act of South Africa: Section 42 and Section 43B
  • South African Revenue Service: Notice 18 of 2020

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