Sasfin Holdings Limited and Evraz Highveld Steel and Vanadium Limited (Highveld) are pleased to announce that the dispute between Highveld against Sasfin - in respect of the break fee that Sasfin charged in terms of its discounting agreement - has been resolved.
Evraz's Business Rescue Practitioner confirms that, despite media articles to the contrary, Evraz's financial difficulties cannot in any way be blamed on the facilities extended by Sasfin to Evraz or Sasfin conduct.
Both Sasfin and Evraz are pleased that this matter is now resolved.
Issued on: 17 March, 2016
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Cathryn Pearman Head: Marketing and Communications
Tel: (+27) (11) 809 7851
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Sasfin Holdings Limited (“Sasfin” or “the Group” or “the Company”) is a bank-controlling company listed in the “Financials: Investment Services” sector of the JSE Limited (“the JSE”). Sasfin and its subsidiaries provide a wide range of complementary banking, financial and related services.