The clothing retailer looks to bolster sales by enabling pressurized consumers to buy more on credit.
Absa says it has stopped all political donations, having previously supported all political parties with three or more seats in the National Assembly.
Capitec Bank is still the cheapest bank in the country, according to a comparative study by trade union Solidarity's Research Institute.
The bank says improved credit impairments have been the main reasons for higher earnings.
The battle by SA banks for the hearts and wallets of the consumer remains a priority, as financial institutions work to increase their reach.
The ANC has declined to comment on the M&G report claiming Jacob Zuma had more benefactors than previously thought to cover his debts and expenses.
Tokyo Sexwale's company will score up to R150-million from Absa Bank's Batho Bonke 'broad-based' scheme.
Low-cost Mzansi accounts are losing ground to bank-branded products that are cheaper and more appropriate for low-income customers.
Tokyo Sexwale's Batho Bonke Capital has sold its stake in SA's biggest retail bank, exiting one of the post-apartheid era's highest profile BEE deals.
Some analysts believe the bank's One Africa policy makes sense but question if it can be done.
Terry Crawford-Browne says Jacob Zuma must appoint a commission of inquiry into Barclays Bank's 2005 takeover of Absa and its link to the arms deal.
Solidarity has shown people getting fired from Absa "Wall Street" style on YouTube and FNB embraces the power of social media during a power crisis.
Absa has issued hundreds of staff members with retrenchment notices but it claims it's in the interests of its clients and a more efficient operation.
Absa has denied claims that it plans to fire 3 000 staff members, saying its processes are in line with labour relations best practices.
Absa has denied retrenchment rumours, saying employees affected by its restructuring will be given the chance to apply for new jobs at the company.
Garth Griffin, who chairs the boards of both the Absa Group and Absa Bank, has announced his intention to retire once a successor is appointed.
South Africa's R3.2-trillion infrastructure stimulus could come at a hefty price after Moody's credit rating agency downgraded the big five banks.