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]

Banks keeping staff, for now, as South Africa faces jobs carnage

8 May 2020 /  Roxanne Henderson, Bloomberg    12
Absa freezes new hires, while FNB, Nedbank and Capitec Bank aren’t looking to make any cutbacks.

Absa help 376 000 kliënte met skuldverligting

4 May 2020 /  Moneyweb  
Arrie Rautenbach – Bestuurshoof van Absa se Kleinhandel en Sakebank

Rand recovers after selloff, stocks fall

4 May 2020 /  Olivia Kumwenda-Mtambo, Reuters  
Bonds firmed, with the yield on the 10-year bond falling 8.5 basis points at 10.185%.

SA banks’ relief for virus-hit borrowers nears $800 million

4 May 2020 /  Emma Rumney, Reuters   1
More than 90 000 commercial, small and medium-sized firms had also applied, with 75 000 approved so far.

Absa PMI crashes to all-time low as economic activity freezes

UPDATE
4 May 2020 /  Mfuneko Toyana, Reuters   2
'The PMI survey shows the immediate, devastating impact the lockdown had on manufacturing output and overall demand,' Absa economist Miyelani Maluleke

How big might bank losses be?

4 May 2020 /  Hilton Tarrant   8
Meaningful forecasts are difficult, but perhaps R35bn collectively.

Rand firms as focus turns to fiscal measures, stocks dip

20 Apr 2020 /  Olivia Kumwenda-Mtambo, Reuters   4
In fixed income, the yield on the 2030 instrument was down 0.5 basis points at 10.300%.

One for the people, and 10s of millions for the executives

17 Apr 2020 /  Ann Crotty   27
‘Unfortunate’ timing of Absa incentive share announcement.

Absa to finance new coal projects under ‘extenuating’ circumstances

16 Apr 2020 /  Emma Rumney, Reuters   2
Adding such financing would be evaluated against criteria including the country's national development plan and World Bank guidelines. 

Vodacom, Absa bosses donate some pay to coronavirus relief

13 Apr 2020 /  Reuters   1
For the next three months.

Regulator penalises Absa Bank Kenya over anti-money-laundering lapses

9 Apr 2020 /  George Obulutsa, Reuters   1
Orders the bank to top foreign exchange dealing between April 9 and April 15.

South African bank stocks fall over 4% after Sarb advises against dividends

7 Apr 2020 /  Emma Rumney, Reuters   1
And exec bonuses.

Some corporates aren’t letting the crisis go to waste

6 Apr 2020 /  Ann Crotty   12
The more things change, the more they stay the same.

How much Maria Ramos got paid on leaving Absa

3 Apr 2020 /  Hilton Tarrant   30
And what new CEO Daniel Mminele will earn …

Exec salaries: Will a cut boost morale?

2 Apr 2020 /  Ann Crotty   8
Exec skills will be critical in coming months, but the work of millions of front-line workers will be essential – and dangerous.

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