/ 9 March 1999

EARNINGS BOOST FOR FEDSURE

FOLLOWING a year of considerable expansion, financial services group Fedsure on Monday announced a net increase in earnings of 77%, to R331,9-million for the year ending December. This amounts to earnings per share of R2,24, while dividends are up 48,5 cents to R1,55 a share. The group acquired Norwich Life during 1998, and group chief executive Arnold Basserabie said he feels the results vindicate the decision. The biggest contributors to group earnings were Fedsure Health and SA Druggists, in which Fedsure acquired a 30% interest last April.