September 14, 2011 / 1:38 PM / 7 years ago

STOCKS NEWS AFRICA-Sasfin shares down after earnings drop

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1320GMT 14Sept11 - Sasfin declines after earnings fall


Shares of Sasfin Holdings decline nearly 5 percent, making it the worst performer on Johannesburg’s All-Share index , after the financial services firm says full-year earnings are down 16 percent.

The South African financial services firm says diluted headline earnings per share fell 16 percent to 297 cents in the year to end-June as non-banking businesses such as property private equity suffered.

Sasfin shares are down 4.7 percent lower at 30.51 rand, although on a very low volume. The broad All-Share index is up 1.6 percent.

Reuters Messaging:

0824GMT 14Sept11 - First Uranium up, lifts profit, dividend


Shares in First Uranium fall more than 3 percent in Johannesburg, albeit on low volumes, as the South Africa-focused uranium and gold miner halts Ezulwini mine operations after an accident killed an employee.

First Uranium, whose primary listing is Toronto , is off 3.33 percent at 2.90 rand.

Reuters Messaging:

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