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 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.

Banks told to cut lending rates in SA

2 Jun 2020 /  Vernon Wessels, Bloomberg   9
'We want banks to lend more than they would otherwise lend, but we don’t want them to be reckless and take excessive credit risk.'

Absa says coronavirus crisis had substantial impact in April

UPDATE
26 May 2020 /  Emma Rumney, Reuters   1
Bad debts doubled in first four months.

Bankers staying home as SA slowly grinds back to work

UPDATE
24 May 2020 /  Vernon Wessels, Roxanne Henderson and Janice Kew, Bloomberg   5
'The psychological toll on people has been significant' - Investec CEO Fani Titi.

R100bn Covid-19 loan scheme now operational

12 May 2020 /  Larry Claasen   7
A partnership between Treasury, Sarb and banks aimed at saving SMEs.

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