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]

When 13% interest is not really 13%

11 Oct 2018 /  Patrick Cairns   40
Absa's special offer is not what it seems at first glance.

How the Jobs Summit plans to create 260 000 jobs annually

4 Oct 2018 /  Chris Gilmour   7
This summit is different in that ‘it is a culmination of work, rather than the start of an intention,’ says Tanya Cohen, CEO of Business Unity SA.

SA banks face ‘chicken or egg’ quandary as economy lags

4 Oct 2018 /  Roxanne Henderson, Bloomberg  
A myriad of negative factors are taking their toll on SA banks.

Banking apps boom

4 Oct 2018 /  Prinesha Naidoo   1
Usage skyrockets – and there’s a place for gimmicks.

EOH’s Van Coller to use cash injection for deals, debt pay-down

UPDATE
3 Oct 2018 /  Loni Prinsloo, Bloomberg    1
The cash injection will come from a stake sale to black investors to pay for the acquisitions and to reduce debt.

Five things making headlines in South Africa today

1 Oct 2018 /  Moneyweb   
September new vehicle sales, Absa PMI, Sanral; Conduit Capital and Texton Property Fund results, what's behind fuel hikes.

Funding of two new coal IPPs in SA under threat

26 Sep 2018 /  Chris Yelland   18
Two new coal independent power producer projects, Thabametsi and Khanyisa, are at risk of not being completed should funding be revoked.

Lenders give Steinhoff’s Jooste more time to pay his debts

26 Sep 2018 /  Loni Prinsloo, Bloomberg   9
Lenders have given the ex-CEO until March 31, 2019 to repay the R959 million he owes.

Mosebenzi Zwane made ‘veiled threats’ to Nedbank on Gupta account closures

19 Sep 2018 /  Ray Mahlaka    7
The Nedbank Group CEO details how the commercial bank was pressured to reopen bank accounts of Gupta-linked entities.

The big four full-service banks compared

17 Sep 2018 /  Hilton Tarrant  
An analysis of results for the first six months of 2018.

#CheaperThanChicken has banks clucking over fees

7 Sep 2018 /  Vernon Wessels and Thembisile Dzonzi, Bloomberg    1
Have a giggle at these banks having a go at each other.

FirstRand FY profit up 12%, beats forecasts

UPDATE
6 Sep 2018 /  Tiisetso Motsoeneng, Reuters  
Helped by income and deposit fees.

Five things making headlines in South Africa today

3 Sep 2018 /  Moneyweb  
August total vehicle sales, Absa PMI, Bidvest, Stadio and Sun International results, state capture inquiry enters its third week.

Unshackled from Barclays, Absa Investment Bank chases growth

21 Aug 2018 /  Roxanne Henderson, Bloomberg   
Absa will expand its footprint across Africa and lend in sectors such as infrastructure projects, trade and commodity finance.

KPMG’s annus horribilis continues with fine for Ted Baker Audits

20 Aug 2018 /  Karin Matussek   1
The penalty is the latest in a string of blows to the accounting firm.

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