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/ 16 February 2010
Absa expects impairments to slow in 2010 and forecast muted growth as the economy recovers from recession.
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/ 12 February 2010
The 2010 national budget, the first to be tabled by Finance Minister Pravin Gordhan, is likely to present a number of challenges for the government.
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/ 20 November 2009
FNB and Absa have launched products that use cellphone technology and ATM networks to transfer money.
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/ 4 November 2009
Absa group chief executive Maria Ramos has been appointed to the Barclays group executive committee with immediate effect.
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/ 23 October 2009
It matters how a bank treats its least wealthy clients, writes Maya Fisher-French
Absa has been recognised as the ”Most Innovative Bank in Africa” at the African Banker Awards 2009 in Istanbul, Turkey, the bank said on Wednesday.
The new chief executive of Absa Group’s investment banking arm aims to increase revenue growth by 50% to 60% in the next three years.
A reader has been having problems accessing credit in South Africa because as a non SA citizen he does not have a green ID book.
Absa said on Monday impairment losses jumped in the first half and said it expected its full-year performance to remain under pressure.
A plan by Absa to fits its ATMs with pepper spray went awry when three technicians had to be treated by paramedics after inhaling the irritant.
House prices remained on a downward trend for June, Absa said on Monday. Prices dropped further in nominal terms in June by 4,4% year-on-year.
House price deflation in May was the biggest since September 1986, Absa’s House Price Index released on Monday showed.
South Africa’s biggest retail bank, Absa, has increased its stake in Blue Financial Services to 21%, the micro-financier said on Tuesday.
Global recessionary conditions are worse than had been anticipated, Absa’s CEO Maria Ramos said on Tuesday.
According to Absa’s House Price Index, the average nominal price of middle-segment housing dropped by 0,4% year-on-year in March 2009.
A Johannesburg businessman on Friday attempted to attach Absa’s entire debtor’s book worth R532-billion.
House prices have continued to fall, Absa said on Thursday as it released its house price index for February.
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/ 4 February 2009
The housing market will start recovering gradually in the second half of this year, Absa’s latest House Price Index released on Wednesday showed.
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/ 29 January 2009
The outlook for the residential property market in 2009 remains bleak, Absa said on Thursday.
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/ 20 January 2009
Banks have forgotten who their clients are, writes Maya Fisher-French.
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/ 21 November 2008
Banking group Absa announced on Friday that exiting Transnet boss Maria Ramos is to take over as CEO of the group in March next year.
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/ 11 November 2008
Shares in SA banks fell on Tuesday after Fitch downgraded its outlook on Absa, Investec and Nedbank, citing deteriorating conditions in the economy.
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/ 23 October 2008
The Western Union-Absa partnership could bridge the money transfer gap on the continent, writes Lynley Donnelly.
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/ 19 October 2008
The cost of offshore borrowing for SA has jumped by 50% in recent weeks while foreigners have withdrawn R30-billion from the country since last month.
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/ 16 October 2008
Absa is likely to ask for leave to appeal a court judgement ordering it to pay Pretoria businessman Rico Bernert ”an undetermined amount” for damages.
Remuneration report shows chief executives are rolling in it.
Tertiary students will benefit from a new finance package aimed at giving them access to personal computers and Notebooks.
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/ 25 September 2008
One of South Africa’s largest banks, Absa, has planned more retrenchments, Business Day reported on Thursday.
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/ 4 September 2008
High on the Highway Africa agenda will be debates on how to deepen the democratisation role of the media.
Absa has launched a no-card ATM service, CashSend, aimed at servicing both banked and unbanked South Africans, the bank announced on Thursday.
The four-gigabyte iPod Nanos, which retail for about R1 600, were handed out in gift packs to all guests as they left the function.
Local banks are set to capitalise on the slump faced by global competitors, writes Maya Fisher-French.