LATEST NEWS FOR Absa Group Ltd.  

Absa Group (the Group or Absa) is a diversified financial services provider offering an integrated set of products and services across personal and business banking, credit cards, corporate and investment banking, wealth and investment management and... [more info]

Financial markets in Africa still underdeveloped

21 Oct 2020 /  Adriaan Kruger    3
Index puts SA on top for investment potential, with only a few others improving.

SA stocks climb as AngloGold, Gold Fields lead gains

9 Oct 2020 /  Adelaide Changole, Bloomberg  
Gauge of mining stocks rises for a third day, up 1.7% to the highest in more than a week.

SA stocks surrender gains with gold miners in retreat

6 Oct 2020 /  Adelaide Changole, Bloomberg   2
Foreigners were net sellers of South African stocks for a second day Monday.

Absa chair Lucas-Bull joins Shoprite board as chair designate

UPDATE
1 Oct 2020 /  Nqobile Dludla, Reuters   2
Replacing Christo Wiese.

Absa PMI extends recovery in September

UPDATE
1 Oct 2020 /  Reuters and Moneyweb  
Purchasing managers remain optimistic about business conditions going forward.

SA stocks edge toward quarterly gain

30 Sep 2020 /  Adelaide Changole, Bloomberg  
South African stocks have been supported during the quarter by a rally in gold and platinum companies.

SA stocks fall amid weakness in Naspers, Richemont

25 Sep 2020 /  Adelaide Changole, Bloomberg   1
Foreigners were net sellers of South African stocks for a fifth day on Wednesday.

Stocks retreat in longest losing streak since June

18 Sep 2020 /  Adelaide Changole, Bloomberg   1
Foreigners were net sellers of South African stocks Thursday, disposing R814 million worth of shares.

How South African companies are battling the pandemic and recession

18 Sep 2020 /  Roxanne Henderson, Janice Kew, Felix Njini and Loni Prinsloo, Bloomberg    1
How companies in key industries have coped with the unprecedented crisis.

South African banks prepare for the worst, hope it doesn’t come

17 Sep 2020 /  Roxanne Henderson, Bloomberg    1
Country's economy contracted for seven of the last ten quarters.

Joburg’s Jewel City set for further R1bn investment

UPDATE
16 Sep 2020 /  Suren Naidoo   4
R1.8bn has already been invested into the new mixed-use precinct and Absa Tower Main overhaul in the inner city.

Stocks rise as vaccine hopes spur risk-on sentiment

14 Sep 2020 /  Adelaide Changole, Bloomberg  
Investor focus will be on central banks this week.

Worst year for South African bank stocks offers glimmers of hope

14 Sep 2020 /  Adelaide Changole, Bloomberg    1
There are signs that sentiment may be turning for the better.

Some business battles are won, and some are lost

14 Sep 2020 /  Ann Crotty   1
Zeder, Shoprite and FirstRand: a company in its death throes, a retailer with a good year under its belt, and a bank that’s made an interesting move in remuneration.

Rand recovers after slide, stocks spike

9 Sep 2020 /  Olivia Kumwenda-Mtambo, Reuters  
Bonds were weaker, with the yield on the benchmark 2030 government paper up 2 basis points to 9.275%. 

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