Credit impairments hit Sasfin’s half-year earnings

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 77%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Group maintains that Sars's R4.9bn summons for unlawful offshore flows has little chance of success.

Boutique banking and wealth management firm Sasfin reported a steep 62.5% slide in headline earnings for the six months ended 31 December 2023 on Wednesday.

Sasfin CEO Michael Sassoon said earlier that the group would defend the claims and that they had no merit.“The summons, according to Sasfin, arises from Sars’ purported inability to collect income tax, VAT , and penalties allegedly owed by former foreign exchange clients of Sasfin Bank.

The group, however, continues to engage with Sars on the matter. The value of the claim is more than 10 times the group’s market capitalisation on the JSE. ADVERTISEMENT CONTINUE READING BELOW Group focusing on core businesses

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 5. in BR

Brasil Últimas Notícias, Brasil Manchetes