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South Africa: Bad debt eats into FirstRand earnings
[Times Live: 2010-03-09]
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The banking group, which yesterday reported a 2% drop in diluted headline earnings a share to 85.3c for the six months to the end of December, said it did not expect significant defaults in its second half because retailing bad debts had peaked. "We think the non-performing loans and bad debts in the corporate and commercial space are going to peak from around the middle of the year," FirstRand chief executive Sizw. . . |
Continue to Africa News story at Times Live
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