Stellar Capital Partners cut half-year loss by 30% to R12.07m
By Sandile Mchunu
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DURBAN - STELLAR Capital Partners reduced their half-year loss by 30 percent to R12.07 million for the six months to the end of December from R17.14m last year on Prescient Holdings’ ability to withstand the impact of Covid-19 outbreak on its operations.
The group said Prescient has so far been able to withstand the impact of Covid-19 and the lockdown on the economy.
“As at the end of December, assets under management have grown to R101 billion and assets under administration have grown to R506.1bn,” the group said. “The Prescient Group continues to expand its international businesses in Britain, Ireland and China, and has partnered with Reinet to accelerate its growth into new markets in Asia.”