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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]

South Africans love their (mini) SUVs

16 Jan 2019 /  Ingé Lamprecht   11
Relative affordability and fuel economy drive demand for mini sports utility vehicles.

Absa seeks first-time buyers in push to revive mortgage lending

15 Jan 2019 /  Roxanne Henderson and Loni Prinsloo   7
The local bank is playing catch up in a sluggish economy.

Five things making headlines in South Africa today

9 Jan 2019 /  Moneyweb  
Absa PMI, struggling SAA gets another loan, worst/best ETFs in 2018, Woolies under fire, rand update.

Investors not convinced by Absa’s recovery plan

2 Jan 2019 /  Roxanne Henderson, Bloomberg   11
Sceptics can’t see how it will be able to grow faster than the sector.

Cape High Court introduces better protections for mortgage customers in distress

19 Dec 2018 /  Ciaran Ryan   15
Repossessed houses must now be auctioned with a floor price, and sheriffs must personally serve summonses on defaulting customers.

Banks hike fees in lower end of the market

12 Dec 2018 /  Hilton Tarrant   1
‘Platinum’ and ‘gold’ accounts up in line with inflation.

Will banks be forced to sharpen up?

12 Dec 2018 /  Patrick Cairns   1
Coming legislation is raising expectations that the way interest rates are advertised will be under scrutiny.

Is Finbond really paying 15.5% interest?

11 Dec 2018 /  Patrick Cairns   27
Well, no.

Two clear winners in low-cost banking battleground

11 Dec 2018 /  Hilton Tarrant   9
Only two banks lead in the vanilla account space.

FirstRand takes a leaf from Amazon’s book to capture consumers

10 Dec 2018 /  Roxanne Henderson and Gordon Bell, Bloomberg  
Bank looking to expand its digital offering as it chases new revenue streams.

Absa: The problem with its revised financial targets …

10 Dec 2018 /  Hilton Tarrant   1
Everything hinges on a turnaround of its retail bank.

Absa: Here’s what’s wrong with its retail bank

10 Dec 2018 /  Hilton Tarrant   22
The five not-so-minor problem it aims to fix.

Absa bank aims to lift lagging return on equity by 2021

7 Dec 2018 /  Emma Rumney, Reuters   
The bank is trying to extend its base since splitting from Barclays.

Banks keep hiking cost of credit cards

5 Dec 2018 /  Hilton Tarrant   13
Fees for some accounts are up over 60% in three years …

Digital newcomers out to disrupt SA banking

4 Dec 2018 /  Tiisetso Motsoeneng, Nomvelo Chalumbira and Wendell Roelf, Reuters    2
TymeBank, Bank Zero plan to use pricing to win customers and Discovery Bank to target 2m health clients.

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