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/ 20 February 2008

Former Absa chief appointed at Sappi

Former Absa CEO and chairperson Dr Danie Cronje has been appointed as the independent non-executive chairperson of Sappi, the global pulp and paper group announced on Wednesday. He succeeds Eugene van As, whose impending retirement as chairperson and from the board was announced earlier.

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/ 19 February 2008

Banks, resources keep JSE firm

The bank and resources indices kept the JSE in positive territory on Tuesday, lifting the bourse 0,7% higher by midday. Banks advanced 2,14% and financials collected 1,14%. The gold mining index added 1,46%, resources lifted 1,11% and the platinum mining index was up 0,58%. However, industrials were down 0,12%.

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/ 11 February 2008

Absa sees higher 2007 earnings

Absa, South Africa’s biggest retail bank, said on Monday it expects group headline earnings per share and EPS to be between 15% and 19% higher in 2007. Absa, which is majority-owned by Britain’s Barclays, said headline EPS and EPS for the bank unit would be between 25% and 28% higher than the previous year.

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/ 26 November 2007

Absa injects money to cut housing backlog

Absa and the National Housing Finance Corporation (NHFC) on Monday signed a memorandum of understanding to speed up the provision of housing in several provinces. Absa has committed R2,6-billion for the building of 100 000 units by 2010. The bank has also committed an additional R150-million for project preparations.