We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

SA’s largest pension fund administrator, Alexander Forbes, has warned shareholders that headline profit will fall by more than R230m in its year to end-March, with the group feeling the effects of lost earnings after the sale of its SA insurance business and a R1.2bn liability related to a former subsidiary in the UK.

Total headline earnings per share is expected to fall as much as 65% to end-March, the group said in a trading update, warning shareholders that liability costs related to redress payments in the UK had risen significantly...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now