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Xhosa: Avbob AGM reveals group is well-positioned for further growth General field: Bus/Financial Detailed field: Finance (general)
Source text - Xhosa Avbob delivered exceptional results for the year under review, setting multiple records in all three of its operating units: insurance, funeral services and manufacturing. It also won numerous awards (see below).
“The 2021 financial year was unprecedented in many ways,” said Avbob chair Jannie Venter. “The Covid-19 pandemic and associated regulatory responses created a volatile and rapidly evolving operating environment. Apart from the economic and environmental impacts, the loss of life has been devastating.”
In response to the hardships and challenges brought on by the pandemic, Avbob Funeral Service provided free funeral services and products worth R497m to its members during the past financial year.