Lib­erty takes a hit

Weekend Argus (Saturday Edition) - - LIFE -

THE coun­try’s fourth-largest in­surer, Lib­erty Hold­ings, re­ported an 8 per­cent drop in half- year profit as low eco­nomic growth and a rise in unem­ploy­ment put pres­sure on con­sumer dis­pos­able in­come, send­ing its shares down 5 per­cent.

“With the tough eco­nomic en­vi­ron­ment, we’re start­ing to see a strong in­crease in claims so that is impacting the con­sumer di­rectly,” Chief Ex­ec­u­tive Thabo Dloti said.

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