Investec announces strong operating results

The bank, with listings in London and Johannesburg Stock Exchanges, said its strategy of growing revenue from less capital intensive, fee earning businesses has made good progress.

"Investec has delivered a strong operating performance across most of its divisions... looking ahead there are, of course, reasons for caution, but we are encouraged by the overall levels of activity we see in our businesses," said Bernard Kantor, Managing Director of Investec in a statement.