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LATEST NEWS FOR Absa Bank Ltd.  

Absa Bank Ltd. (the Company) is incorporated and domiciled in South Africa and provides retail, business, corporate, investment banking, and wealth management products and services. The Company and its subsidiaries (the Bank) operate primarily in Sou... [more info]
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Eskom, Treasury seek renewal of R15bn loan facility

Eskom, Treasury seek renewal of R15bn loan facility

Antony Sguazzin and Loni Prinsloo, Bloomberg  /
23 January 2020
  8
Funding needed to keep the company afloat.
South Africans are losing trust in the state

South Africans are losing trust in the state

Larry Claasen /
22 January 2020
  38
SA government ranks as the least trusted out of 26 jurisdictions.
Job cuts will depress SA’s limping economy even more

Job cuts will depress SA’s limping economy even more

Prinesha Naidoo, Bloomberg /
22 January 2020
  13
Unemployment rate at the highest in at least 11 years.
Mminele faces unenviable task at Absa

Mminele faces unenviable task at Absa

Hilton Tarrant /
8 January 2020
  8
Will he keep the strategy set by Ramos or attempt something bolder?
Just who is Daniel Mminele?

Just who is Daniel Mminele?

Melitta Ngalonkulu /
7 January 2020
  15
With over 20 years' experience in the financial sector and international qualifications.
Market wrap: oil price rises on back of US/Iran tension

Market wrap: oil price rises on back of US/Iran tension

Moneyweb /
6 January 2020
Wayne McCurrie – Senior Portfolio Manager, FNB Wealth and Investment
Absa appoints former central bank deputy governor as CEO

Absa appoints former central bank deputy governor as CEO

Olivia Kumwenda-Mtamb, Reuters /
6 January 2020
  6
Daniel Mminele to take over from René van Wyk on January 15.
Most banks really don’t want you to use ATMs

Most banks really don’t want you to use ATMs

Hilton Tarrant /
6 January 2020
  11
Why it’s generally far cheaper to get cash at supermarket till points …
Rand hands back early gains to end flat

Rand hands back early gains to end flat

Mfuneko Toyana and Naledi Mashishi, Reuters /
13 December 2019
Load shedding weighs on local currency.
How to retrench-proof your finances

How to retrench-proof your finances

Neesa Moodley /
11 December 2019
  3
Retrenchment insurance usually pays out 75% of your taxable salary for up to six months.
Banks freeze, cut entry-level fees

Banks freeze, cut entry-level fees

Hilton Tarrant /
10 December 2019
  3
While monthly gold and platinum-level account charges rise marginally.
EOH blasted over remuneration

EOH blasted over remuneration

Hilton Tarrant /
9 December 2019
  2
Group admits shortcomings, promises an overhaul in 2020.
SAA seeks funding as state wavers on aid

SAA seeks funding as state wavers on aid

Loni Prinsloo and Roxanne Henderson, Bloomberg  /
4 December 2019
  32
Airline has reportedly approached Standard Bank, Investec, Absa, Nedbank and RMB.
African Bank well on its way to recovery

African Bank well on its way to recovery

Melittta Ngalonkulu /
27 November 2019
  13
Net profit after tax up 13% to R1.15bn, with retail deposits increasing 115% to R2.4bn in the year to September.
How to deal with your home loan when you get retrenched

How to deal with your home loan when you get retrenched

Neesa Moodley /
27 November 2019
  9
Your bond is likely to become your biggest worry. Here’s what you need to know.

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