The continent’s largest bank by assets expects to post the sharpest decline in earnings in more than a decade as it grapples with the economic fallout of the Covid-19 pandemic that could see earnings halve for the first six months of 2020.

Standard Bank announced in a trading update on Wednesday that headline earnings per share could fall between 30% and 50% from the R8.37 it reported for the first six months of 2019...

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