Sasfin’s Sassoon expects tough year for clients as firm hikes bad debt provision
The company raises its credit impairment provision to accommodate potential future shocks to SA’s economy
11 September 2020 - 10:06
UPDATED 13 September 2020 - 21:33
Financial services provider Sasfin Holdings has warned it has swung into a loss in its year to end-June amid credit impairments and writedowns to reflect deteriorating economic conditions.
The group expects a headline loss per share of 148c-156c to end-June, from headline earnings per share of 501c previously, but adjustments should largely be one-off, the group said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.