Efficient Group Limited provided earnings guidance for the six months ended February 28, 2013. For the six months period, the company announced that, the withdrawal of cautionary announcement, dated February 28, 2013, Efficient and Thebe Investment Corporation (Pty) Ltd, as joint shareholders in Thebe Stockbroking (Pty) Ltd. (TS), explored various avenues regarding the possibility of incorporating the TS business under the Efficient brand, unfortunately without success. The company board, in the absence of exercising control over TS or a change in the strategic direction of that company, is not convinced that the future economic benefits from TS will exceed the carrying value of this investment.

It was accordingly resolved to impair the investment in TS. The company expects HEPS to be between 5.12 cents and 6.26 cents for the six months ended February 28, 2013, compared to HEPS of 0.32 cents for the six months ended February 29, 2012. As a result of the impairment, the company announced that it expects the loss per share to be between 0.52 cent and 0.63 cent compared to EPS of 0.33 cents for the comparative period.