Alexander Forbes eyes acquisitions in 2020
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Alexander Forbes released its interim results on Monday showing that their revenue is coming under pressure, falling close to a percent largely due to the sluggish economy. The current economic climate also has consumers dipping more into retirement savings, the preservation rate for retirement savings declined to 53% from 55%. The group does not expect a turnaround in the local economy BUT says that while it finalises the sale of its insurance business, it will consider acquisitions where it makes business sense. Business Day TV caught up with the company's CEO, Dawie de Villiers