Sasfin CEO Roland Sassoon discusses half-year results, which show a 19% decline in headline earnings per share
Roland Sassoon is the CEO of Sasfin. BUSINESS DAY TV: Banking group Sasfin has reported a near 19% drop in headline earnings for the six months to the end of December, a major step back having grown full-year earnings 29% in the year to June. Sasfin is also on the cusp of striking a deal with Wiphold to come in as a 25.1% shareholder, a fully funded BEE (black economic empowerment) partner. Joining us now on News Leader is CEO Roland Sassoon. Roland it seems like it’s been months that you’ve been talking to a potential BEE partner and now the news today that it’s Wiphold. So you’ve given them a period of exclusivity but does it look as if it’s going to be a done deal? ROLAND SASSOON: Yes, they’ve done the due diligence, so we’ve passed the due diligence and now we’ve just got to finalise the deal. So it shouldn’t take much longer but it’s obviously subject to regulatory approvals. RS: Yes, in this business that we’re in unfortunately you do get credit losses from time to time and th...
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