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Published Date: 2021-02-23 | Source: INCE|Community | Author: InceConnect
The banking group says earnings have recovered faster than expected, driven by a better than anticipated rebound in the economy.
The insurance group has increased its provisions while claims have shot up due to Covid-19.
The insurance group has been impacted by a Covid-19 reserve fund and pressure on new business volumes as a result of the pandemic.
Due to Covid, there's a worrying contraction of savings in retirement funds.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The short-term insurer is not paying a final dividend after earnings tumbled as a result of Covid-19.
The freight, logistics and financial services group says its core operations performed well despite Covid-19.
Company Notices & Announcements
Disposal of 127 Charing Cross Road, London for GBP59.25m
Result of Placing of existing ordinary shares and preference shares
Block Listing - cancellation
The black-empowered investment group has reduced its debt after disposing of a portion of some of its holdings.
Despite returning to profitability, the business bank and financial services group is remaining prudent by withholding an interim dividend.
The banking group says its 2020 profits could halve from a year earlier due to the impact of Covid-19.
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