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We have summarised Finance Minister Tito Mboweni’s one-hour maiden Budget speech, in which he had to juggle a lack of revenue, a need to cut costs, and urgent spending requirements, to bring you what you need to know.

Absa Wealth Management has won several first places in the prestigious Euromoney Private Banking and Wealth Management Survey 2019, testimony to the bank’s excellent Wealth offering.

Absa and The Digital Academy hosted a technology showcase on 31 January 2019 to unveil solutions and applications built by The Digital Academy interns as part of a six-month programme aimed at helping to bridge a skills shortage in the technology and banking sectors.

The World Bank’s Identification for Development (ID4D) Initiative is partnering with WorkInProgress, an Absa Innovation Lab in Cape Town, to host a ‘solveathon’ workshop for the inaugural Mission Billion Challenge.

Absa’s Group Chief Executive Officer, Maria Ramos will retire at the end of February 2019. Maria has been Group Chief Executive since 2009 and she has led the Group through significant milestones. René van Wyk has been appointed as the Interim Chief Executive.

We are pleased to announce that Sandro Bucchianeri, Absa Acting Group Chief Security Officer, has been named a member of the Payment Card Industry Security Standards Council’s (PCI SSC’s) newly-elected Board of Advisors

We have agreed to acquire Societe Generale’s derivatives clearing, custody and trustee services business in South Africa, subject to regulatory approvals. We have signed a memorandum of understanding to cooperate in offering services to clients in 27 countries in Africa.

Absa Group recognizes the legacy of the past and the need to address inequalities in our country. As a responsible corporate citizen, we are fully supportive of land policy and legislation that fulfils the intent of our Constitution and address the need for land among many South Africans. Our position is that this must be done in a manner that balances the needs of current and future private land owners... Communities, beneficiaries, government, the financial sector as well as its stakeholders. Absa has therefore identified five key areas through which it can make a meaningful contribution towards a sustainable land reform agenda.

Barclays Africa Group Ltd shareholders today approved that the group changes its name to Absa Group Limited in July, setting in motion the start of one of the largest re-brand projects in Africa at this time.

Absa Group Limited today announces the appointment of Charles Russon as the new Chief Executive Officer (CEO) of Corporate and Investment Banking, and Paul O’Flaherty as Chief Executive: Engineering Services.