Sasfin has reported a headline loss per share of 151 cents, compared to headline earnings per share of 501 cents previously. The financial services provider has decided not to declare a final dividend, as it braces for further pressure on South African businesses. Sasfin CEO, Michael Sassoon joins CNBC Africa for more.
Sasfin have released its interim results revealing an almost 60 per cent increases in headline earnings per share. The bank was able to offset under-performing equity markets thanks to increase in its foreign income. The board declared a dividend of 49.86 cents per share. Joining CNBC Africa more is Michael Sasoon, CEO of Sasfin.
A South African broker and an energy investment firm fired KPMG on Tuesday, two of a host of local firms weighing whether to ditch the auditor to distance themselves from a scandal...
Sasfin’s Michael Sassoon talks earnings, KPMG decision