FUSION Capital said it would miss a 25 percent earnings growth target for the 2000 financial year due reduced fee income and a sharp drop in the share price of a listed subsidiary. The decline in the share price of Regal Treasury Bank – from 675 cents at December 31, 1999, to 430 cents at June 30, 2000 – had resulted in a provision for diminution in the value of its investment in Regal Treasury of about R6.8m. This equates to a potential loss and consequent decrease in net asset value of approximately 8.8 cents per Fusion Capital share based on the ruling price at June 30, 2000. Fusion Capital said it has also lost its sole mandate in Structured Finance. – Reuters