Little economic improvement likely in year ahead, Ethos Capital warns
TymeBank stakeholder says growth outside SA is strong, but currency and political risks remain elevated
26 September 2019 - 08:39
Investment holding company Ethos Capital, which recently took a stake in TymeBank, said on Thursday its net asset value per share rose 3% to R11.34 in the year to end-June.
The company’s discount to intrinsic net asset value (NAV), which is seen as the best measure of how well an investment holding company is faring, widened to 31% at the end of the period from 28% previously...
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