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Sasfin: Earnings slide on lag effect   NAV DATE SASFIN INTERNATIONAL FUND $99.05 19/08/10 SASFIN: EARNINGS SLIDE ON LAG EFFECT   Thursday, 04 March 2010     Sasfin: Earnings slide on lag effect March 4, 2010 By Mzwandile Jacks   Sasfin's headline earnings for the six months to December last year slipped 27 percent to R48 million, hit by an economy still feeling the lag effect of the global financial crisis, the bank said yesterday. Headline earnings a share sagged 32 percent year on year due to the dilutory effect of a capital injection from the International Finance Corporation (IFC).   Last year the IFC invested $30m (R239m) in Sasfin to enable it to spread lending to small and medium enterprises. The investment consisted of a loan of $10m, a $10m trade finance guarantee and up to $10m in equity investment, enabling the IFC to hold up to 12 percent of Sasfin.. - Mzwandile Jacks   By : www.businessreport.co.za Share Performance Click to View Graphs Search   Latest News 30 July 2010 Sasfin Mercantile talks off Read more 27 May 2010 Mercantile Bank, Sasfin Holdings... Read more Member Login Manage ABI Users Manage ABI Leads Manage ABI Points Manage ABI Points (manual) Allocate ABI Points Quarter Setup Welcome Page   Morning Note   Select Link Home Add Lead
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