HomeChoice International’s fintech business, FinChoice, contributed more than two-thirds to interim trading profit due to rapid growth during the pandemic, the JSE-listed home-shopping group said this week.

In an interview after the release of results for the six months ended June 30, executive chair Shirley Maltz said that prior to the pandemic, FinChoice, which provides short-term loans and insurance products, contributed about 30%-40% of trading profits. This increased to 70% of the R212m trading profit for the interim period...

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