Sasfin has successfully circumvented the effects of the currently tough economic environment to grow shareholder value by 29%. Operating profit improved 31% (from R232 million in 2015 to R304 million), while profit was up 23.7%, to R238.7m. In addition, total income growth was up 25.1%. Tyrone Soondarjee (pictured), Sasfin group financial director, speaking at the recent financial results presentation, said the group reported growth across all its divisions, bar Treasury and Transactional banking, which collectively declined in profitability from R10.39 million to R6.559 million. Soondarjee noted, however, that the Treasury division did show strong performance, with a stable deposit base of R3.32 billion. According to the FD, group costs increased 19.8% to R828.3 million, largely as a result of increased investment in risk, compliance and IT, along with the inclusion of FinTech in its cost base. The cost-to-income ratio improved from 71.07% in the previous year to 68.89%, thanks to its cost containment strategy, which Soondarjee said has been “key to manage and showed notable improvement”.
Sasfin profits rise
Related articles
CCMA CFO Kedibone Mashaakgomo is building a legacy through resilience and purpose
From growing up in a Limpopo village to leading finance at the CCMA, Kedibone Mashaakgomo's journey has been defined by perseverance, purpose and a commitment to creating lasting impact. She reflects on overcoming academic setbacks, embracing digital transformation, mentoring future leaders and why true leadership is measured not by titles, but by the legacy left behind.
CFO Jurgens Myburgh measures everything – including himself
From structuring BEE transactions at Standard Bank to navigating the pressures of global healthcare, Mediclinic Group finance chief and 2025 Finance & Technology Award winner Jurgens Myburgh reflects on a target-setting mindset, leadership, legacy and why a winemaker’s parting words sum up his personal philosophy.
CFO Lerena Olivier is driven by value
Lerena Olivier puts a high price tag on personal wellbeing – and as the CFO’s role extends to more than just number-crunching, self-care becomes critical to the overall performance of a business. For Pick n Pay’s finance chief, sustaining motivation is essential to moving forward with purpose and people remain at the heart of her leadership philosophy.
African Rainbow Energy CFO Nakedi Ramaphakela is powering Africa’s clean energy future
From humble beginnings in Mamelodi to boardrooms shaping South Africa’s renewable clean energy future, African Rainbow Energy CFO Nakedi Ramaphakela has carved out a career defined by resilience, vision, and purpose.
Aspen CFO Sean Capazorio focuses on leading with quality
Heading up finance at one of the country’s largest multinational companies is all about fine-tuning the systems to make the right business decisions for Sean Capazorio, group CFO for Aspen Pharmacare.
Nedbank CFO Mike Davis champions strategy and sustainability
Nedbank CFO Mike Davis’s passion for his role is evident in his numerous achievements, including being crowned CFO of the Year at the 2024 CFO Awards – as well as awards for Compliance and Governance, and Strategy and Execution. It underscores Mike’s exceptional leadership and contributions to Nedbank’s success.
