South African retail tycoon Giovanni Ravazzotti is set to receive 41.65 million from a special cash dividend on his stake in Italtile Limited, the Gauteng-based retailer and manufacturer of bathroom and home products he founded nearly six decades ago.
Ravazzotti to collect largest payout
Italtile recently announced a special dividend of R1.3 billion 73.71 million for the full year ended June 30, 2025, drawn from the groups retained earnings of R4.86 billion 276.53 million. Set at R0.98 0.056 per share and payable on Sept. 15, the payout represents a 25.64 percent increase from the previous year, highlighting the companys strong cash reserves and continued ability to reward shareholders.