Commentary on results
(For the year ended 31 December 2010)
The 2010 results are reflective of the significant operational progress achieved, particularly in the Retail business, supported by positive investment markets. Material progress has been made on customer retention, the ability to manage the balance sheet within risk appetite, the appointment of a new management team in STANLIB and the extended scope of the bancassurance agreement with Standard Bank.
While the group has not yet achieved its full potential the focus is clear and a strong management team is in place to deliver against strategy.
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