ABSA GROUP LIMITED
UniFer Holdings Limited, a financial institution 53%-owned by Absa Group
Limited, today provided shareholders with an update on certain operational
restructuring within the group and government's latest standpoint on the Persal
payroll deductions.
From this it appears that UniFer will achieve headline earnings in excess of
last year's and expected earnings per share for the current financial year are
likely to approximate that of last year. This will have a negligible effect on
Absa's earnings for the current financial year and earnings expectations for
Absa remain in line with consensus forecasts.
Frans du Toit
GROUP EXECUTIVE DIRECTOR
Willie Roux
GROUP CONSULTANT: INVESTOR RELATIONS
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