Sasfin covers a range of sectors from stockbroking to freight, private equity and trade finance. Yet Sasfin's lucrative niche is small and medium enterprises and entrepreneurs, a market identified as neglected by the big banks. A BEE deal was concluded last year with InnoVent Investment Holdings, which gained a 10% stake for R66m. Nonperforming loans were reduced. The outlook is good for small, flexible, well-run players in the banking sector and Sasfin is one of the few.
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