Sasfin’s headline earnings soar to R80.5M

Financial services group, Sasfin released its interim results on Tuesday boasting a near 60% rise in earnings due to an improved credit loss ratio and a lower tax bill. Costs are however growing faster than income with the group's cost-to-income ratio deteriorating to 74% fromjust over 70%.

Sasfin CEO Michael Sassoon spoke to Business Day TV to give a for greater perspective on the numbers and what it means for the company's growth moving forward.