Absa

Big four bank Absa expects to report an increase in credit impairment charges for the first half of the year to the end of June, as consumers faced mounting pressure from a rapid rise in interest rates. Absa is the latest among its banking…

The Pretoria High Court last week effectively ruled that Absa must hand over its record of decision resulting in the removal of former lead independent director Sipho Pityana from the board in November 2021. Pityana was accused of sexual…

Banking group Absa has acquired a minority stake in local agri-tech startup Khula! – a platform that connects farmers to the retail, wholesale and export buyers’ markets. Absa announced the deal on Thursday, however, it did not disclose…

Big six bank Absa, cited for not complying with some of South Africa’s employment equity laws, has insisted it was never issued a verdict of non-compliance and says it is fully compliant. Responding to Moneyweb, the bank strongly denied to…

South African big-six bank Absa says it remains committed to Ghana for the long haul, even as it raised nearly R3 billion in impairment charges to cushion it against the west African nation’s sovereign debt crisis. Absa on Monday reported…

South African listed banking group Absa reported its highest-ever profits, despite taking impairments from its exposure to Ghana, which is marred in a sovereign debt crisis. Absa, SA’s third largest bank by assets, delivered its results…

South African lender Absa expects to report a double-digit rise in earnings for its 2022 financial year, despite Ghana’s sovereign debt crisis weighing on its performance. The big six bank said it will report a 10% to 15% increase in…

You can also listen to this podcast on iono.fm here. SIMON BROWN: I’m chatting now with Miyelani Maluleke, senior economist at Absa. Miyelani, I appreciate the early morning. A recent note put out by yourself and your team GDP forecast…

Eight years ago, solar was a tough sell. The equipment was expensive and less efficient than it is today, with break-even periods on investments of 10 to 12 years. Back then, the Eskom grid was relatively stable, and load shedding an…

Absa, one of South Africa’s big four banks, will now have a secondary listing on alternate exchange and capital market platform A2X Markets (A2X) from 1 February. The lender, which has a market capitalisation of R169 billion on the main…