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Its net interest margin, a key profitability metric, was at 4.32% for the quarter, a tad lower than the 4.36% seen during the corresponding quarter of the previous year, due to the rise in the cost of funds. The cost of deposits rose by 99 basis points to 5.25% for the quarter.
The Johannesburg high court on Monday sentenced a Kempton Park couple to lengthy jail terms for sexually abusing their three minor children for more than three years.
The IREDA CMD says: “Having around 79-80% of the loan book in the private sector and that too continuously enhancing in that space as well as reducing NPA, we have that best quality appraisal, review monitoring and governance in place and in the time to come we are confident of maintaining that market share.”
The case against a truck driver who crashed into a bakkie in Pongola, killing 20 people, has been postponed until April.
Three people linked to a northern KZN company allegedly running a pyramid scheme have been given bail.