Published Date: 2021-02-19 | Source: INCE|Community | Author: InceConnect
The insurance group has been impacted by its Covid-19 reserve fund and pressure on new business volumes as a result of the pandemic.
The insurance group has increased its provisions while claims have shot up due to Covid-19.
The banking group says earnings have recovered faster than expected, driven by a better than anticipated rebound in the economy.
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.
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