The group has reported a 103.9 percent increase in headline earnings, and plans to innovate even more.
Sasfin has reported a 103.9 percent improvement in headline earnings for the half year ended 31 December 2021. According to Sasfin FD Angela Pillay, this improvement was mainly due to an improved credit performance by the group. “It has been a period of innovation for us,” she explains. “And I think these results are a testament to how the brand is moving.”
She adds that Sasfin enters 2022 with several positives, including its investment and repurposing of the business and commercial banking Pillar, “which is starting to pay off”.
“We have all felt the intensity of working through a pandemic, especially when that period became a time of real growth,” Angela says.
The group has also seen “healthy growth” in its key financial drivers, namely loans, deposits and AUM. “This growth is the result of the continued investment in our distribution capabilities and improved customer product offerings across the group.”
Angela explains that Sasfin plans to continue innovating, as it aims to strengthen its platforms to enable growth and improve client service and efficiencies this year. The group also plans to invest more in its distribution to drive scale, focus on developing its human capital approach to deal with changing work realities, and continues to contribute to society by supporting business growth.
And while the group plans to take on new opportunities, Angela has also announced her intention to resign and pursue new opportunities in April. “Sasfin has been my life for four years,” she says. “I have loved working with the team at Sasfin and am very grateful for the time I have spent there. It’s been a real exponential growth experience, both professionally and personally.”
She concludes that she leaves on good terms and with a heavy heart, but with tangible achievements.
Read more: Angela Pillay happy to be telling Sasfin’s good news story
