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Mail & Guardian
absa grouplatest news & developments
Done deal: FNB Zambia CEO Kapumpe Chola and Stanchart Zambia CEO Sonny Zulu after signing the deal that saw FNB acquire Stanchart WRB business. Photo: FNB Zambia
ABSA GROUP

Major shift in African banking

As foreign banks retreat from the continent, local lenders are stepping up to fill the gap

  • Reginald Ntomba
4 min read
Towering dispute: Earlier this month Absa announced Daniel Mminele’s departure, citing differences over strategy between him and the board.
ABSA

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

  • sarahsmit
3 min read
Budget buster: Finance Minister Tito Mboweni has to keep rescuing Eskom (David Harrison/M&G)
ABSA GROUP

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

  • Carin Smith
2 min read
Absa bank and Barclays will be one entity by the middle of 2013.
ABSA GROUP

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.

  • Sapa
1 min read
ABSA 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.

  • Staff Reporter
2 min read
ABSA

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.

  • Staff Reporter
1 min read
ABSA GROUP

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.

  • Fiona Zerbst
  • Maya Fisher French
4 min read
ABSA GROUP

Tribunal approves Absa-Woolworths merger

South Africa’s Competition Tribunal on Thursday unconditionally approved the merger between the Absa Group and Woolworths Financial Services.

  • Staff Reporter
1 min read
ABSA

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…

  • Staff Reporter
1 min read
ABSA GROUP

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.…

  • Staff Reporter
1 min read
ABSA GROUP

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…

  • Palesa Motloung
3 min read
ABSA

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…

  • Staff Reporter
1 min read
ABSA GROUP

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…

  • Staff Reporter
1 min read
ABSA BANK

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…

  • Johannesburg
1 min read