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Investec shares up on profit outlook

Companies

Johannesburg - Shares of investment bank and asset manager Investec climb more than 4 percent to around 5-1/2 year highs after it announced on Thursday its full-year earnings would rise after it cut its bad debt charges.

South African financial markets were closed on Friday for a national public holiday.

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190309 Investec CEO Stephen Koseff speaking at their pre resultsl presentation at their offices in Sandton.photo by Simphiwe Mbokazi 33

Investec, which is also listed in London, rose 4.07 percent to 82.35 rand, its highest level in 5-1/2 years, according to Thomson Reuters data. - Reuters

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