Absa Bank
latest news & developments
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.
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.
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.
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.
KZN judge returns Sexwale shares
KwaZulu-Natal (KZN) Judge President Vuka Tshabalala said on Wednesday that he had returned all the shares in Absa Bank worth millions of rands, which were given to him by a…
‘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…
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…
Stofile: ‘Balance is needed’
Sport and Recreation Minister Makhenkesi Stofile spoke to Lucky Sindane about the new Sports Amendment Act, which allows government to intervene in all sporting matters. He said…