Financial services group FirstRand, whose portfolio includes First National Bank (FNB), Rand Merchant Bank (RMB) and WesBank, says it does not expect real full-year growth as the coronavirus outbreak adds further strain to SA's recessionary economy.

Corporate and household income growth is under pressure from rising unemployment and falling real wage growth, with these trends already evident across the group’s businesses so far in 2020, FirstRand said on Tuesday...

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