South Africa’s Standard Bank withdraws full-year guidance over virus uncertainty

JOHANNESBURG, March 31 (Reuters) – Africa’s largest lender, Standard Bank, on Tuesday withdrew its guidance for its upcoming financial year, citing the uncertainty around the impact coronavirus will have on its performance.

“While the COVID-19 pandemic continues to unfold and countries respond to this crisis in different ways, there is a high degree of uncertainty regarding the impact it will have on Standard Bank’s financial performance in the 2020 financial year,” it said in a statement.

“Shareholders are advised that the outlook and guidance… are hereby withdrawn.”

Reporting by Emma Rumney; Editing by Andrew Heavens

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