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General information

Sector: Financials

The company is not available at Interactive Brokers

Sasfin Holdings Limited (JSE:SFN) is a bank-controlling company that listed on the JSE in 1987. Sasfin and its subsidiaries, notably Sasfin Bank Limited (the Bank), provide a comprehensive range of specialist financial products and services for Business and Wealth clients. This range of financial products and services focuses on the needs of entrepreneurs, corporates, institutions and high-net-worth individuals.

Sasfin is “beyond a bank”. The group challenges itself to create tailor-made products and solutions that suit its clients’ needs – whether they are entrepreneurs or investors. Sasfin goes beyond the traditional expectations of the financial services industry and strives to deliver solutions with exceptional personalised service.

The group's countrywide footprint and comprehensive range of products and services form a strong basis for growth in loans and advances to select businesses, and assets under management and advisement for investors, as it assists its growing client base while achieving acceptable returns on investment.



  • Bad financial results growth rate -28.1% (average between last period year over year growth for revenue and Net Income), there is slowdown compared to average historical growth rates (0.1%)
  • Dividend yield for the last twelve months 0.0%
  • Share price is 13.4% higher than minimum and 53.0% lower than maximum for the last 3 years
  • The company is undervalued by P/E LTM multiple compared to target level (4.6x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)16.45
Share price, USD: 0.8776
Common stocks: 32 301 520

Dividend Yield:  0.0%
P/E LTM: 4.6x
Last revenue growth (y/y):  +17.1%
Last growth of Net Income (y/y):  -73.3%
Historical revenue growth:  -6.8%
Historical growth of Net Income:  +34.5%
Target P/E (hist percentile):
Fundamental value created in LTM:
P/E mutiple calculation
Market Cap ($m): 28
Net Profit ($m): 6
P/E LTM: 4.6x
Price to Book: 0.32x

Revenue and Net Income

Semi-Annual values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

P / E

Potential dynamics

TechCentral Headlines

Shein: South Africa’s e-retailers battle Chinese fashion giant

Shein is the most downloaded shopping app on South Africa’s Google Play store. And it isn’t even trying that hard.

2023-08-20 14:12 +02:00
by Agency Staff

JSE:PPH JSE:TFG JSE:MSM JSE:SFN JSE:CGN

What’s gone wrong at Telkom

Following Telkom’s shock profit warning last week, could MTN make another bid for the company?

2023-05-23 15:31 +02:00
by Sandra Laurence

JSE:MTN JSE:VOD JSE:REM JSE:AVI JSE:TKG JSE:KAP JSE:JSE JSE:MPT JSE:SFN

TC|Daily | PayShap: The fintech revolution coming to SA’s payments system

Big changes are coming to the payments industry in South Africa early next year. BankservAfrica CEO unpacks all the details in this episode of TC|Daily.

2022-09-19 11:19 +02:00
by TechCentral

JSE:FSR JSE:SBK JSE:ABG JSE:NED JSE:BVT JSE:INP JSE:INL JSE:MPT JSE:SFN JSE:HUG JSE:ISA

Huge changes coming to South Africa’s payments system

Big changes are coming to South Africa’s payments industry that will shake up the financial services sector, according to BankservAfrica CEO Jan Pilbauer.

2022-02-18 15:29 +02:00
by Duncan McLeod

JSE:FSR JSE:MTN JSE:SBK JSE:ABG JSE:NED JSE:BVT JSE:INP JSE:INL JSE:AVI JSE:SFN JSE:ISA

Rob Shuter’s MTN sign-on bonus shrivelled by weak share price

MTN Group CEO Rob Shuter was paid out a sign-on bonus of just R17.8-million in March. This is a sizeable figure but it’s less than half of the value indicated in March 2017, at the time he was awarded the bonus.

2020-05-13 09:13 +02:00
by Ann Crotty

JSE:MTN JSE:SLM JSE:AVI JSE:SFN JSE:ISA

Massmart downsizing was expected

It comes as no surprise that the South African unit of Walmart, Massmart, is in talks with unions to shut down its DionWired and Masscash stores, analysts say.

2020-01-14 15:40 +02:00
by Melitta Ngalonkulu

JSE:SPP JSE:MSM JSE:SFN

André de Ruyter: The man tasked with saving Eskom

After months of speculation and delays, South Africa named André de Ruyter as CEO of its debt-crippled state power utility, surprising investors with an unexpected choice and angering a key union.

2019-11-19 05:31 +02:00
by Agency Staff

JSE:SOL JSE:NED JSE:AVI JSE:NPK JSE:SFN

DionWired, Game rationalisation may be on the cards

Massmart will have to take a long, hard look at its embattled Massdiscounters division to turn the group’s fortunes around, and this should include a rationalisation of its Game and DionWired stores.

2019-08-07 06:33 +02:00
by Suren Naidoo

JSE:SHP JSE:PPH JSE:MRP JSE:AVI JSE:MSM JSE:MPT JSE:SFN JSE:ISA

Reuters Headlines

Amazon to launch online shopping service in South Africa in 2024

JOHANNESBURG (Reuters) -Amazon said on Tuesday it would launch its online shopping service in South Africa next year, making it only the second African country after Egypt where the U.S. e-commerce giant has set up a locally-dedicated website.

2023-10-17

JSE:NPN JSE:SFN

`BRICS bank` issues first South African rand bonds

The development bank founded by the so-called BRICS countries closed the auction for its first South African rand bonds on Tuesday, as it comes under pressure to boost its local currency fundraising and lending.

2023-08-16

JSE:SBK JSE:ABG JSE:SFN JSE:ISA

South Africa property, retail firms bet on townships despite unrest

Recent unrest in South Africa damaged hundreds of businesses but property developers and retailers say they remain committed to the fast-growing consumer markets of its predominantly Black townships.

2021-07-29

JSE:SHP JSE:N91 JSE:RDF JSE:AVI JSE:NY1 JSE:VKE JSE:MSM JSE:MPT JSE:ARH JSE:SFN JSE:ISA

South Africa rand slips as Woolworths, Old Mutual lead stocks higher

South Africa`s rand slumped to a one month-low on Tuesday, as data pointed to continued weakness in the economy, while a surge in Woolworths Holdings and Old Mutual led stocks higher.

2020-01-14

JSE:WHL JSE:OMU JSE:AVI JSE:SFN

UPDATE 2-S. Africa`s Woolworths names U.S. fashion executive Roy Bagattini new CEO, shares jump

South Africa`s Woolworths Holdings has appointed Levi Strauss executive Roy Bagattini as CEO, cheering investors keen for a fresh pair of hands to tackle the department chain`s struggling Australian business.

2020-01-14

JSE:WHL JSE:AVI JSE:SFN

Africa`s biggest bank targets its smallest shops in fintech deal

South Africa`s Standard Bank has taken a stake in local fintech firm Nomanini to offer credit to potentially millions of small shop owners and other informal retailers across Africa that have limited access to banking services.

2019-08-27

JSE:FSR JSE:SBK JSE:AVI JSE:SFN JSE:ISA

South Africa`s Sasfin, Hello Paisa launch bank for thousands without accounts

Banking group Sasfin and money transfer service Hello Paisa will launch a bank in South Africa this year, hoping to bring thousands of people into the financial system for the first time, the firms said on Wednesday.

2019-03-06

JSE:FSR JSE:SBK JSE:ABG JSE:NED JSE:DSY JSE:SFN JSE:ISA

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Releases

2022-06-22
Termination of appointment of joint independent sponsor
2022-06-08
Pillar III Risk Management Report for the period ended 31 March 2022
2022-06-02
Dealing in securities by a Prescribed Officer
2022-05-09
Availibility of B-BBEE Compliance Report
2022-04-04
Change to the board of directors - appointment of Group Financial Director
2022-03-24
Pillar III Risk Mangement Report for the period ended 31 December 2021
2022-03-15
Notification of change in beneficial interest
2022-03-11
Acquisition of Securities by Associate of Directors
2022-03-03
Unaudited condensed consolidated interim results for the six months ended 31 December 2021 and cash dividend
2022-02-17
Trading statement for the six month ended 31 December 2021
2022-01-11
Resignation of financial director
2021-12-06
Pillar III Risk Management Report for the period ended 30 September 2021 - short form announcement
2021-11-29
Changes to the board
2021-11-26
Results of annual general meeting
2021-10-29
Basel Pillar III Disclosure Report for the year ended 30 June 2021
2021-10-28
Executive Management update

SENS Announcements

2024-04-26
Results of General Meeting to Approve the Disposal
2024-04-02
Pillar III Risk Management Report for the period ended 31 December 2023
2024-03-27
Unaudited Condensed Consolidated Interim Results for the Six Months Ended 31 December 2023
2024-03-25
Distribution of Circular and Notice of General Meeting
2024-03-20
Appointment of Chair and Changes to Board Committees and Directors’ Functions
2024-03-18
Trading Statement for the Six Months Ended 31 December 2023
2024-02-27
South African Revenue Services summons on Sasfin Bank Limited
2024-02-23
Amended Terms of Disposal of Capital Equipment Finance and Commercial Property Finance Businesses to African Bank
2024-02-12
Changes to the Board of Directors
2024-01-31
Results of Annual General Meeting
2023-12-19
Global Credit Rating Co Affirms Sasfin Bank Limited National Scale Issuer Credit Ratings
2023-12-14
Basel Pillar III Risk Management Report for the Period ended 30 September 2023
2023-12-13
Dispensation Received on 60 Day Rule to Dispatch Circular
2023-12-11
Basel Pillar III Disclosure Report for the Year Ended 30 June 2023
2023-11-29
Availibility of Integrated Annual Report, Notice of Annual General Meeting, BBBEE Certificate, Resumption by Chair
2023-11-06
Temporary Medical Leave of Chair and Appointment of Acting Chair
2023-10-31
Audited Consolidated Annual Results for the year ended 30 June 2023
2023-10-27
Trading Statement
2023-10-13
Strategic Update and Notification of Further Delay in Publication of Annual Results
2023-10-13
Disposal by Sasfin Bank of Capital Equipment Finance and Commercial Property Finance Businesses to African Bank
2023-09-29
Notice of Delay in Publication of Financial Results and Voluntary Trading Update
2023-09-01
Global Credit Rating Co affirms Ratings Assigned to Sasfin Bank Limited
2023-05-31
Pillar III Risk Management Report for the period ended 31 March 2023
2023-03-27
Notification of Changes in Beneficial Interests
2023-03-24
Pillar 3 Risk Management Report for the six months ended 31 December 2022
2023-03-23
Dealing in Securities by an Associate of Directors
2023-03-02
Unaudited Condensed Consolidated Interim Results for the six months ended 31 December 2022
2023-02-22
Trading Statement for the six months ended 31 December 2022
2023-01-26
Availibility of B-BBEE Certificate
2022-11-28
Results of Annual General Meeting
2022-11-11
Basel Pillar III Disclosure Report for the year ended 30 June 2022
2022-10-31
Availability of Integrated Annual Report Distribution of Notice of Annual General Meeting and BBBEE Certificate
2022-09-21
Summarised Audited Consolidated Annual Results for the year ended 30 June 2022 and Cash Dividend Declaration
2022-09-08
Notification of Financial Assistance in terms of section 45(5) of Companies Act
2022-09-08
Trading Statement for the year ended 30 June 2022
2022-09-01
Global Credit Rating Co affirms ratings assigned to Sasfin Bank Limited
2022-06-22
Termination of appointment of joint independent sponsor
2022-06-08
Pillar III Risk Management Report for the period ended 31 March 2022
2022-06-02
Dealing in securities by a Prescribed Officer
2022-05-09
Availibility of B-BBEE Compliance Report