22 June 2020
Group scales up COVID-19 community support across SA
Absa has stepped up contributions towards COVID-19 community support, by committing an additional R18.8 million to South African relief efforts.
Absa Capital Markets Nigeria Limited (“Absa”), acting as joint lead issuing house, has successfully completed Dangote Cement PLC’s (“Dangote Cement”) debut Series 1 bond offering, allocating NGN 100 billion in 5-year fixed-rate senior unsecured bonds under its NGN 300 billion issuance programme.
Absa Group, one of Africa’s largest financial services providers, is celebrating substantial completion of its separation programme from Barclays PLC, three years after the start.
Absa and the Premier Soccer League (PSL) will be ending their sponsorship relationship of the Absa Premiership when the sponsorship contract expires at the end of the current season.
After plunging to an all-time low of a mere 5.1 index points in April, the business activity index of the Absa PMI survey rose sharply to 43.2 index points in May.
The business activity index of the Absa PMI survey crashed to an all-time low of a mere 5.1 index points in April. The decline means that manufacturing output came to a near standstill during the nationwide lockdown, with almost all respondents reporting a decline in activity compared to the previous month. Indeed, many respondents indicated that zero production took place during the lockdown.