The market seemed reasonably satisfied that, after a particularly tough 18 months, the group was moving in the right direction.
The share price ended the week at R130.30, which was slightly above its 12-month low of R reached a week earlier but significantly below the 12-month high of R165.50 reached in March last year.
The need to take extensive write-offs on its home loan book, concerns about the stability of its senior management team and the management time and energy required to implement the sprawling acquisition by
The regulatory part of the acquisition has been completed, write-offs on the home loan book were minimal in financial 2013, and in recent months there have been no stories of executive departures.
Group chief executive
Unlike its British parent,
By contrast, the
And although the 15.5 percent return on equity (RoE) achieved by
Having lifted RoE from 14.1 percent in financial 2012,
Management will be watching closely its exposure to unsecured lending through
Last week's trading statement from
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