The first six months of the year have not been a walk in the park for Liberty as the group dealt with a data breach, but the poor performance of the JSE and the weak economy may be of greater concern to the financial services group. Analysts expect the hack to have had a limited effect on upcoming interim results to end-June, due to be released this week. Last month Liberty announced that its IT infrastructure had been breached and hackers had stolen data from the group. The full scale of the breach has yet to be revealed. The group is in the midst of a turnaround strategy, which it began in 2017 in an attempt to refocus its business in the South African market and regain lost market share from its competitors.Avior Capital Markets analyst Warwick Bam said he was not expecting any one-off losses in the results this time. "So if there are any additional surprises, that would be a disappointment, especially at Stanlib in both the South African and rest-of-Africa business," said Bam.Ov...
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