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]

Banks mull how to avoid loan defaults when virus relief ends

10 Jul 2020 /     1
Some banks have offered extensions, while others like Capitec offered to refund interest accumulated during payment holidays.

Barclays tiptoes onto Absa’s turf

2 Jul 2020 /  Hilton Tarrant   9
Targets the ultra-rich, family offices, and corporate clients.

Standard Bank heading for another action-packed AGM

25 Jun 2020 /  Ann Crotty   12
Shareholders not happy about conflicted directors, long-serving ‘independent’ directors, and executive remuneration.

Standard Bank to disclose climate-related lending in 2020

23 Jun 2020 /  Roxanne Henderson, Bloomberg    1
As banks globally are increasingly under pressure to shun carbon-heavy activities and fund more clean-energy projects.

Banks lend R7bn in first month of Covid-19 guarantee scheme

19 Jun 2020 /  Tebogo Tshwane    3
Negotiations underway to increase uptake.

How much SAA owes the banks and other creditors

18 Jun 2020 /  Hilton Tarrant   31
And which banks? Two in SA have exposure totalling R5.2bn …

‘Significant increase’ in R200bn Covid-19 credit guarantee scheme loans

17 Jun 2020 /  Tebogo Tshwane    3
More changes expected to oil payouts in uncertain pandemic environment.

SA hopes to ease access to Covid loans amid low payouts

15 Jun 2020 /  Emma Rumney, Reuters   1
Changes include tweaks to turnover threshold, payment holidays.

Troubling car instalments when finances bite

12 Jun 2020 /  Adriaan Kruger   14
It's not a crisis yet, but an increasing number of people are struggling with their vehicle repayments.

How much Edcon owes, and to whom

11 Jun 2020 /  Hilton Tarrant   18
Banks, landlords, insurers (who are landlords) in the queue.

Klimaatveranderingsaktiviste teiken Standard Bank

9 Jun 2020 /  Moneyweb  
Tracey Davies – direkteur, Just Share

Standard Bank urged to oust directors over climate concerns

8 Jun 2020 /  Antony Sguazzin, Bloomberg   3
Together, the directors represent about two-fifths of Standard Bank’s board. The lender’s AGM will be held on June 26.

SA banks at risk of deepest profit slump in 50 years

8 Jun 2020 /  Roxanne Henderson, Bloomberg    18
As lockdown measures lead to a surge in bad debts.

Rand strengthens to below R17/$, pandemic investment opportunities and battle of the banks

4 Jun 2020 /  Simon Brown   
Mia Kruger of Kruger International on dollar investments with a stronger rand, Sasfin Securities's Nick Dakin on finding investment opportunities during the pandemic and Victor Mupunga of Old Mutual talks competition between the banks and how it differs from 2008.

Farmers turn to commercial banks as Land Bank stalls

4 Jun 2020 /  Roxanne Henderson, Bloomberg    7
Trouble at state-owned lender deals another blow for SA's farming sector.

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