Liberty Life hammered by weakening economy and pandemic lockdown
Financial services group is the latest SA company to warn of big hit to earnings
29 May 2020 - 19:40
Financial services group Liberty Life has joined a number of SA companies warning of a big hit to earnings as the impact of the coronavirus pandemic and lockdown hits the economy.
The insurer released a trading update earlier in May and explained that the weakening economy and exchange rate, lower investment returns, increased mortality and declining rental income in its property arm were expected to dent its income...
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