News Formal

Santam warns of plunge in headline earnings, while Sanlam impairs businesses

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

South Africa News News

Short-term insurer’s foreign exchange gains were offset by falling underwriting volumes, while investments were also hit

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

lockdown.PremiumA subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Day @BDliveSAJoin Mummy Mthembu-Fawkes at an online Business Day SME Matters discussion on Wednesday August 19 in partnership with the Johannesburg Business School.
Source: BDliveSA - 🏆 12. / 63 Read more »

Momentum expects drop in earningsThe group warns profits could fall almost two-thirds for the year to end-June
Source: BDliveSA - 🏆 12. / 63 Read more »

No downgrades expected for banks after earnings seasonFitch says SA banks are being prudent by taking severe provisions for expected bad debts upfront
Source: BDliveSA - 🏆 12. / 63 Read more »