News Formal

Sasfin kills its banking operation - A tale of how fraud can destroy a business

  • 📰 TheStar_news
  • ⏱ Reading Time:
  • 12 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 59%

Jse Noticias

Sasfin noted that it had a R58 million headline loss in its year ending June.

The company’s headline earnings per share plummeted 190% to a loss per share of 152.15 cents for the year to June 30.

The company also said that it plans to de-list from the Johannesburg Stock Exchange by the end of 2024. “Sasfin, its board and management deeply regret that this fraudulent activity took place in our organisation,” it said.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 26. in CO

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Sasfin apologises for ‘criminal activity’ in its former forex businessThe fraudulent actions resulted in a R160m fine from the SA Reserve Bank.
Fuente: TheCitizen_News - 🏆 6. / 75 Leer más »