SME banker Sasfin's earnings plunge two-thirds as bad debt provision almost triples

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Impairment provisions which rose by 185% as customers requested payment holidays while other fell into arrears were largely to blame for the 65.8% earnings slump. Photo: Finweek
Impairment provisions which rose by 185% as customers requested payment holidays while other fell into arrears were largely to blame for the 65.8% earnings slump. Photo: Finweek

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
USD/ZAR
14.39
(-0.0)
GBP/ZAR
19.83
(-0.0)
EUR/ZAR
17.24
(-0.0)
AUD/ZAR
11.11
(-0.0)
JPY/ZAR
0.13
(-0.0)
Gold
1,741.91
(+0.3)
Silver
25.50
(+0.3)
Platinum
1,177.00
(+0.3)
Brent Crude
66.58
(+4.6)
Palladium
2,700.00
(+0.8)
All Share
67,812
(0.0)
Top 40
62,084
(0.0)
Financial 15
12,163
(0.0)
Industrial 25
88,847
(0.0)
Resource 10
69,024
(0.0)
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1267 votes
No, I did not.
51% - 3141 votes
My landlord refused
28% - 1692 votes
Vote