Deon Raju has been appointed as the bank’s chief risk officer and Parin Gokaldas take over as Absa’s treasurer
Mboweni denies Ramos has been appointed to lead the process of unbundling Eskom, but tells SABC she is among those being considered for the position
Absa Group is to buy the African operations of its parent Barclays for R18.33-billion, and will change its name to Barclays Africa Group.
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/ 1 February 2012
Absa Group’s Deputy Chief Executive, Louis von Zeuner, will, at his own request, move to a non-executive role in 2013.
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/ 15 February 2011
Absa has reported flat full-year earnings that were slightly above consensus, hit by slack demand for loans and a slow economic recovery.
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/ 21 September 2010
Absa customers are about to join the global contactless-card revolution, allowing card holders to "tap and go", rather than swipe and sign.
South Africa’s Competition Tribunal on Thursday unconditionally approved the merger between the Absa Group and Woolworths Financial Services.
South Africa’s third-biggest bank, Absa, and food and clothing retailer Woolworths are to enter into a joint venture, the companies said in separate statements on Wednesday. The venture ”will provide Absa with access to customers in the retailer finance market at point-of-sale”, Absa said.
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/ 20 February 2008
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
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, 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 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 100Â 000 units by 2010. The bank has also committed an additional R150-million for project preparations.
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/ 11 September 2007
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.