FirstRand, SA’s largest financial conglomerate by market capitalisation, expects that the effects of the severe lockdown will dent earnings by as much as a quarter for the six months ending December, it said on Thursday.

It expects earnings to decline by between 20% and 25% for the interim period versus the same period a year ago. This should see the group generate headline earnings per share of between R1.87 and R1.99...

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