@thedeal - The regional/group CEO is kitili mbathi

Mukiha, talk of convolution spot on! The initial strategy of the entity as all-in-one shop seems to have flopped ama was this a CFC idea? Did Stanbic buy the strategy too? Could be na sasa its repercussions. It must deconvolute I agree. This way the financial services will not burden the otherwise "marginally performing" bank.

Du Toit should also be shown the door, this market si kama SA, to cope with the competition, as illustrated NIC,DTB,CBA out performed CFC Stanbic by far.

@sparkly... assuming we all have investment strategies... eg, low pe, growing eps..minimum ROE of 15% over several periods...etc.. define one that makes cfc a buy. please not banking on hopes that "one day it will do well".

Fundaah..i'm no genius...but i do understand that.
it is wise to consider basis of were u "stand" before u step into the "future".... past performance reflects on management strategy..the same management you are entrusting the future with... if merger is f******D up the past will reveal..

compare managements excuse now to the optimism they had at end of 08!!!..slow down begun in 08..surely..any competent idiot would have mitigated the losses....if their misfortunes stem from stocks..imagine centum's results.
Fundaah... the only reason to buy cfc is that it cannot do any worse!!!..

seriously...that cannot be the only basis to buy the stock!!!!..apart from Mukiha's assessment of the "De-merger" later on..why buy?