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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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South African bank stocks fall over 4% after Sarb advises against dividends

South African bank stocks fall over 4% after Sarb advises against dividends

7 Apr 2020 /  Emma Rumney, Reuters   1
And exec bonuses.
How much Maria Ramos got paid on leaving Absa

How much Maria Ramos got paid on leaving Absa

3 Apr 2020 /  Hilton Tarrant   30
And what new CEO Daniel Mminele will earn …
Exec salaries: Will a cut boost morale?

Exec salaries: Will a cut boost morale?

2 Apr 2020 /  Ann Crotty   6
Exec skills will be critical in coming months, but the work of millions of front-line workers will be essential – and dangerous.
Rand roiled by rising South African growth fears

Rand roiled by rising South African growth fears

1 Apr 2020 /  Mfuneko Toyana and Tanisha Heiberg, Reuters  
Among the biggest fallers were gold mining shares, with Gold Fields and AngloGold Ashanti.
Fitch, Moody’s downgrade SA banks to junk

Fitch, Moody’s downgrade SA banks to junk

1 Apr 2020 /  Emma Rumney, Reuters   2
It said the lenders' overall sovereign exposure, including loans to often troubled state-related entities, averaged at 176% of their capital bases.
Absa PMI contracts for 14th straight month

Absa PMI contracts for 14th straight month

1 Apr 2020 /  Olivia Kumwenda-Mtambo, Reuters  
The index, which gauges manufacturing activity in Africa's most industrialised economy, rose to 48.1 points in March from 44.3 points in February.
South African banks cut deeper into junk by Fitch on virus

South African banks cut deeper into junk by Fitch on virus

1 Apr 2020 /  Vernon Wessels, Bloomberg   
Ratings reduced by one notch to BB.
A curious case of ‘window dressing’?

A curious case of ‘window dressing’?

1 Apr 2020 /  Larry Claasen   8
Fund managers could be boosting their portfolios to distract their clients.
All the Covid-19 relief announced by SA banks so far

All the Covid-19 relief announced by SA banks so far

31 Mar 2020 /  Hilton Tarrant  
And why FNB waited before moving …
FNB fourth bank to offer payment holiday amid Covid-19 outbreak

FNB fourth bank to offer payment holiday amid Covid-19 outbreak

30 Mar 2020 /  Melitta Ngalonkulu   8
From April to June, for customers who show sound banking behaviour.
Big banks: up to a fifth of borrowers may not qualify for relief

Big banks: up to a fifth of borrowers may not qualify for relief

30 Mar 2020 /  Emma Rumney, Reuters   1
The sector announced industry-wide parameters for support last week.
South Africa’s first coronavirus deaths drive rand lower

South Africa’s first coronavirus deaths drive rand lower

UPDATE
27 Mar 2020 /  Mfuneko Toyana, Reuters   2
Market watchers await rating decision from Moody's.
SA banks ‘underwhelm’ with response to virus fallout

SA banks ‘underwhelm’ with response to virus fallout

27 Mar 2020 /  Roxanne Henderson, Antony Sguazzin and Janice Kew, Bloomberg   22
Labour unions and small business owners call for 'big bang intervention'.
Standard Bank provides Covid-19 debt relief for SMEs, students

Standard Bank provides Covid-19 debt relief for SMEs, students

UPDATE
22 Mar 2020 /  Neesa Moodley   5
Nedbank to support clients with cashflow challenges as a result of Covid-19.
SA CEOs ensure medical supplies, free data

SA CEOs ensure medical supplies, free data

20 Mar 2020 /  Janice Kew and Loni Prinsloo, Bloomberg   1
'South Africa’s government has been very proactive and we are focused on supply continuity, which is critical.' said Saad.

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