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]

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.

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 pause after five-day losing streak

22 Sep 2020 /  Adelaide Changole, Bloomberg  
Foreigners were net sellers of South African stocks for a third day on Monday.

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.

Stocks slump before rates decision

17 Sep 2020 /  Adelaide Changole, Bloomberg  
Foreign investors were net buyers of South African stocks Wednesday, purchasing R641 million worth of shares.

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.

Stocks hold steady as market awaits Fed decision

16 Sep 2020 /  Adelaide Changole, Bloomberg  
Foreign investors were net sellers of South African stocks Tuesday.

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.

Impressions of the domestic and international markets

14 Sep 2020 /  Ryk van Niekerk   3
Laurium is ‘pretty bullish’ on Naspers and Prosus and SA's banking sector: Murray Winckler, co-founder of Laurium Capital.

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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