Absa Group
latest news & developments
Major shift in African banking
As foreign banks retreat from the continent, local lenders are stepping up to fill the gap
Absa fills chairs after chief executive’s exit
Deon Raju has been appointed as the bank’s chief risk officer and Parin Gokaldas take over as Absa’s treasurer
Mboweni admits Ramos among those considered to head Eskom unbundling
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 to pay R18.33-billion for Barclays Africa operations
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.
Absa’s deputy chief takes up new position
Absa Group’s Deputy Chief Executive, Louis von Zeuner, will, at his own request, move to a non-executive role in 2013.
Absa posts flat full-year earnings
Absa has reported flat full-year earnings that were slightly above consensus, hit by slack demand for loans and a slow economic recovery.
Absa brings ‘contactless’ card to SA
Absa customers are about to join the global contactless-card revolution, allowing card holders to "tap and go", rather than swipe and sign.
Tribunal approves Absa-Woolworths merger
South Africa’s Competition Tribunal on Thursday unconditionally approved the merger between the Absa Group and Woolworths Financial Services.
Absa, Woolworths announce joint venture
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…
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.…
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…
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…
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…
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…