Latest articles on Absa Bank

Retail focus for banking’s phoenix

The African Bank, which relied on unsecured lending, has diversified its product offerings

Gigaba, Reserve Bank pile more criticism on Mkhwebane

Gigaba has asked the court to overturn the entire Bankorp report rather than just striking down sections of it, as Absa and the Reserve Bank has asked

‘Rate-rigging’ traders still at work

In SA, at worst, they will lose their jobs. But things will get ugly if Uncle Sam goes after them.

Prickly Mbeki defends his failure to act on apartheid bailout matter

The public protector’s leaked report has set the cat among the pigeons. Some claim the facts have been skewed to the point of absurdity.

Judges: Public protector misinterpreted us on Absa apartheid-era bailout

The public protector’s leaked report into the Reserve Bank bailouts of Bankorp has set the cat among the pigeons.

Editorial: No agenda, bar digging up truths

Our work is to find and uncover the real story, the real facts that are often elided in the various simple narratives produced for political ends.

The Absa shareholders who could end up coughing up

They include Qatar, American pensioners and the Public Investment Corporation, but the sums are smallish – and payment may never happen.

Absa may have to pay back apartheid-era bailout billions

The public protector has revived an old probe into a bank rescue, leaving the government red faced over its inaction.

Mantashe unhappy with banks’ decision against Guptas

Mantashe stressed that the Reserve Bank must answer for the closure of the family's accounts - despite its insistence that it would not get involved.

Barclays to sell Africa operations

Given the deterioration of the continent’s prospects, the question is who would want to take over the bank's 62% stake in JSE-listed Barclays Africa.

Ten financial truths you should know

On International Consumer Rights Day, Tshiwela Mhlantla, managing executive of Absa Personal Loans, shares some vital financial management tips.

‘Tired’ JSE led down by weak world markets

A tired-looking JSE was 89 points in the red by noon on Monday as weak global markets continued to weigh. By midday, the broader all-share index had shed 0,32%. The gold-mining index pulled back 1,42%, resources added 0,05% and the platinum-mining index was up 0,97%. Industrials fell 0,77%, financials were down 0,29% and banks gave up 0,29%.

November PPI slows to 9,1%

South Africa's producer price inflation (PPI) slowed to 9,1% year-on-year in November, below forecasts, from a 9,5% rise in October. On a monthly basis, PPI rose by 0,3% after a 1,1% jump in October. Economists had forecast that annual PPI would come in at 9,7%, while the monthly rate of increase was seen at 0,8%.

Absa appoints new executive director

Absa Group chief operations officer Peter Mageza has been appointed as an executive director on the boards of Absa Group and Absa Bank, with effect from September 10. Mageza who has been with the Absa Group since 2000, was appointed as COO three years ago.

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Ithala backs its embattled chairperson

Roshan Morar is being investigated in connection with KwaZulu-Natal education department backpack sanitiser tender worth R4-million and a batch of face masks that vanished

Q&A Sessions: ‘My north star is the patient’

Rhulani Nhlaniki is Pfizer’s cluster lead for sub-Saharan Africa. As Pfizer starts phase III of the clinical trial of their Covid-19 vaccine candidate, he tells Malaikah Bophela that if it is successful, the company will ensure the vaccine will be available to everyone who needs it

Murder of anti-mining activist emboldens KZN community

Mam’Ntshangase was described as a fierce critic of mining and ambassador for land rights.

Press Releases

Transport Month

An infrastructure-led recovery will help to stimulate demand in the South African economy, which is vital post the Covid-19 pandemic

Limpopo’s Economic Recovery Plan to fight Covid-19 impact

Billions have been set aside to help farmers and industries get back on their feet as part of the Limpopo Socio-Economic Recovery Plan

Disrupt the corrupt

Whistle-blowers should be seen as real heroes in the fight against corruption and we need a change in culture for this to happen

Corporates: A force for good for a sustainable future

In order to see people and nature thrive what is required is a strong focus on partnerships – we cannot act alone anymore

Combatting wildlife crime in Southern Africa activity annual programme statement (APS) No. 04

Concept papers are sought for implementating activities, for a multi-faceted programme that aims to reduce poaching and illegal trade in wildlife

The financial decisions made during your life journey, and their impact on your retirement outcome

The longer you save towards retirement the larger your retirement savings are expected to be due to the effect of compounding interest

In conversation with SA Reserve Bank Governer, Lesetja Kganyago

'Make interest rates zero and inflation goes up and then people save less – we need savings to fund investment in this country'

Secure your business from cyber threats

Many business-grade security systems now have built-in learning systems and AI to help businesses stay up to date with protection

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