Investec’s profits have doubled in the first half of the new fiscal year.
The increase in client activities and the reduction of funding costs have increased profits in the 250 FTSE group. It provides 15 % of the shareholders of 25 % of the shareholders of NINETY ONE.
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INVESTEC has announced a 11P provisional dividend.
CEO’s Fani Titi states: “We are in the process of reducing group portfolios to add more value to shareholders. This has recovered at the uncertainty of the market and is combined with significant recovery from profits. “
“In order to recover, this 15 % is a surplus capital that can be developed, maintaining the flexibility of what to do with the remaining 10 % in the future.”
“We maintain a conservative level for factors that are difficult to model,” TiTi told reporters and the remaining uncertainty in the volatility of the market, which is expected to recover the economic economic economy. I emphasized the attention of the company about it.
“The changes made to simplify the group and focus on the focus are bearing fruit, and we are arranging us well for the future.”
