SA’s largest short-term insurer, Santam, which is locked in a legal battle about business interruption claims, has warned of a big drop in headline earnings due to the effects of the coronavirus pandemic and the associated
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Momentum expects drop in earningsThe group warns profits could fall almost two-thirds for the year to end-June
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No downgrades expected for banks after earnings seasonFitch says SA banks are being prudent by taking severe provisions for expected bad debts upfront
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