The second half of 2022 was tough on Sasfin: profit was down a fifth, the interim dividend was cancelled and its credit loss ratio spiked more than five times. The stock is now trading at less than half its NAV.  

But how did Sasfin end up with a 20% dive in profits even as revenue increased by almost 13%? Credit impairments jumped significantly from 23 basis points (bp) to 130bp.   ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.