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]

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

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.

YES to job creation initiative? No? Maybe?

16 Aug 2018 /  Ray Mahlaka   10
Dti puts stumbling block in path of youth work initiative.

StanChart and Commerzbank targeted in suit over Steinhoff

10 Aug 2018 /  Karin Matussek, Bloomberg    6
Investors are suing Steinhoff to recover billions of dollars they claim they lost after the firm's implosion.

Nedbank opposes change to Section 25 of the Constitution

8 Aug 2018 /  Ingé Lamprecht   5
But strongly supports the need for land reform.

Rand retreats in global risk-off, stocks fall

6 Aug 2018 /  Reuters  
US-China trade tensions hit emerging markets.

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