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Absa, SA’s fourth biggest bank by market value, has flagged profit growth of at least a quarter for its half-year to end-June, having indicated that easing Covid-19 restrictions proved supportive for loan growth.

Headline earnings per share (HEPS) were expected to rise between 27% and 32% from 986.2c previously, the lender said in a trading update on Wednesday, with this measure of profit set to be at least 28% above pre-pandemic levels...

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