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LATEST NEWS FOR Absa Group Ltd.  

Absa Group (the Group or Absa) which has a primary listing on the JSE, is incorporated and domiciled in South Africa and provides retail, business, corporate, investment banking, insurance, financial services and wealth management products and servic... [more info]

Five things making headlines in South Africa today

1 Feb 2019 /  Moneyweb  
New NPA takes office, January Absa PMI and total new vehicle sales, Glencore production report, Arcelor Mittal trading statement.

Deputy finance minister denies corruption allegations

31 Jan 2019 /  Tiisetso Motsoeneng, Reuters   2
Says allegations also target PIC's acting CEO.

Nedbank withdraws funding for new coal IPPs

30 Jan 2019 /  Chris Yelland and Roger Lilley   5
Chinese financiers might step in to fill the gap.

Absa’s Ramos heads for the exit, interim to take over ‘for no more than a year’

29 Jan 2019 /  Moneyweb   1
Announcement triggered by Barclays thinning its 62% stake to minority stake.

Rand firms on US rate expectations, stocks climb

29 Jan 2019 /  Mfuneko Toyana and Emma Rumney, Reuters   1
The currency has traded in a narrow range in the past two sessions.

Absa seeks new blood after decade under Ramos

29 Jan 2019 /  Emma Rumney and Tanisha Heiberg, Reuters    1
Absa's chairwoman says they expect to permanently appoint an external candidate as CEO in a year.

Five things making headlines in South Africa today

29 Jan 2019 /  Moneyweb    1
Absa CEO to resign in February, Adapt IT results, PIC and state capture inquiries continue, rand tops performance in January.

Absa’s Ramos to retire at end of February

UPDATE
29 Jan 2019 /  Tanisha Heiberg, Reuters   8
René van Wyk will be appointed as interim chief executive.

Rand weakens in cautious trade, stocks down

28 Jan 2019 /  Olivia Kumwenda-Mtambo and Emma Rumney, Reuters  
Stocks slipped, with the Johannesburg Stock Exchange's top 40 index down 0.61%.

Absa’s Ramos sees confidence returning to SA economy

28 Jan 2019 /  Eric Martin and Roxanne Henderson, Bloomberg   18
'The biggest challenge facing SA is to have a strategy and to build confidence around sustainable growth and job creation.'

Rand firms, banks top blue-chip index

26 Jan 2019 /  Nqobile Dludla, Reuters  
Bonds move in step with stronger rand.

Absa CEO rules out Nigerian acquisition

24 Jan 2019 /  Simon Robinson, Reuters    3
Absa CEO, Maria Ramos says the bank would rather build its presence in Nigeria slowly and organically instead of becoming a top lender.

Banks need to radically rethink fees

21 Jan 2019 /  Hilton Tarrant   21
But do they even realise they should?

Can I use tracker funds as part of a living annuity portfolio?

17 Jan 2019 /  Andre Basson  
A combination of offshore index trackers, active funds and income funds can be a winning long-term strategy in a living annuity.

Shareholders finally find their voice on executive pay

16 Jan 2019 /  Hilton Tarrant   5
Six market darlings (well, mostly) under pressure …

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