Sasfin revisits strategy as credit impairment charges spike
Sasfin decided not to declare an interim dividend, citing increased lending activity and a tough macro environment
02 March 2023 - 17:29
Niche financial services and asset manager Sasfin said on Thursday it was in the process of revisiting its strategy in the light of a changing economic and competitive landscape.
The strategy review coincided with a spike in credit impairment charges in the six months to end-December, suggesting that small, medium-sized and micro enterprises were coming under renewed pressure as many were looking to revive themselves following the Covid-19 catastrophe...
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