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2026 Absa Cape Epic Route Mixes Country Charm with Rugged, Renowned Trails

2026 Absa Cape Epic Route Mixes Country Charm with Rugged, Renowned Trails

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The Absa Cape Epic’s 2026 route promises a journey of equal parts pure joy and traditional endurance pain – just the way the riders like it.

“We’ve been planning and plotting this route since before the 2025 edition of the Absa Cape Epic,” says Hendrico Burger, Route Director. “What we really want to show riders this year is that just a few kilometres from a gorgeous small town, you can find incredible trails that will throw everything at you. I like to think our 2026 route blends the classic Absa Cape Epic elements of endurance mountain biking into something that will challenge and thrill every day.”

Participants will thread their way through four diverse Western Cape towns, each offering their own unique twist on Beauty and the Beast: Durbanville, Montagu, Greyton and Stellenbosch will play happy and hospitable hosts for the 1300-strong 2026 field from over 50 countries. Each stage is a pilgrimage in itself, with terrain that’s as unforgiving as it is unforgettable.

The adventure kicks off in Durbanville, where the Prologue returns to Meerendal Wine Estate, familiar territory for many past entrants.

Rolling vineyards, sculpted singletrack and fast, loose trails will test all riders, from elite to debutant. Meerendal has hosted many Absa Cape Epic opening salvos, and for good reason: it’s a setting where markers are laid down and where the aggressively short route alerts the field to what’s in store for the week ahead.

From there, the race heads east to the Klein Karoo in the shape of Montagu, marking the event’s first visit to the town in 19 years. Montagu, tucked between mountains and fruit orchards, is a geological wonderland that will test riders immediately at this Absa Cape Epic. If you arrive underprepared, prepare to pay the price.

Rugged jeep tracks and technical climbs will punish the legs, while bone-rattling descents will remind riders why they signed up in the first place – to push the limit. Montagu’s return isn’t just nostalgic. It’s a nod to the raw, remote character that made the early Absa Cape Epics so rewarding.

Next up is Greyton, a perennial favourite. With its oak-lined streets and small-town charm, the town itself is picture-postcard perfection. Sadly for the riders, they won’t be riding around town but rather in and out of the surrounding mountains, where rocky and ragged trails could end a race in the blink of an eye. Expect dust, sweat and possibly tears (of joy or agony, depending on tyre pressure).

Finally, the race winds towards Stellenbosch, the beating heart of South African mountain biking. Few places on earth boast such a blend of manicured singletrack, vertigo-inducing climbs and Insta-worthy views. Jonkershoek, Eden, G-Spot… names that make local riders grin and newcomers wonder where on earth they’re riding.

It’s fitting that the Grand Finale finishes here, where vineyards meet vertical metres and the cheers of the crowd mix with the smell of chain lube and champagne.

Sydney Nhlanhla Mbhele, Absa Group Chief Marketing and Corporate Affairs Officer says, “In 2026, we’ll proudly celebrate 20 years of partnership between Absa and the Absa Cape Epic, one of the longest-standing sponsorships in the industry. This milestone is about more than sport; it’s about purpose. Through initiatives like SheUntamed, we’ve transformed and opened the trail for more women of colour in cycling. Through our partnership with Qhubeka, we’ve donated nearly 5,900 bicycles to learners across South Africa, each one a symbol of progress and hope. And through the race itself, we’ve helped inject over R560 million into the Western Cape economy in just eight days. This partnership shows what’s possible when passion meets purpose, when we move together, we all move forward.”

MEERENDAL WINE ESTATE, Durbanville

Prologue

Past appearances: 9 – 2012, 2013, 2014, 2015, 2016, 2017(2), 2023, 2025

Just 30 minutes from Cape Town’s city centre, Durbanville is proof that you don’t need to drive far to find world-class trails. Known for its wine industry and mellow country charm mixed with bustling city energy, the region has quietly become one of the Cape’s most accessible mountain-biking playgrounds – thanks to the highly regarded Tygerberg Trail Network. The Absa Cape Epic will once again launch from Meerendal Wine Estate, a venue that boasts challenging singletrack and iconic views of Table Mountain.

Beyond the bikes, Durbanville is pure Cape comfort: boutique wineries, craft beer, small-town markets and vibrant restaurants. The surrounding Tygerberg trail network connects estates like Bloemendal, Contermanskloof and Hillcrest, making it possible to ride from one to the next.

For support crews or families of riders, the area is blissfully easy to navigate. Comfortable guesthouses and Cape Town’s beaches are a short drive away. For riders, it’s a false sense of security before the real work begins. But as Prologues go, there are few better ways to start an eight-day sufferfest than on the smooth dirt and Cape Town vistas of Durbanville.

MONTAGU

Stage 1, Stage 2, Stage 3 (Start)

Past appearances: 9 – 2005, 2007

For the first time in 19 years, the Absa Cape Epic returns to Montagu – and it’s about time. This small Karoo town sits where dramatic rock formations rise like ancient cathedrals, carved by wind, water, and ridden by Lycra-clad masochists. It’s famous for its hot springs, fruit orchards and sandstone cliffs that glow orange at sunset. But in mountain-biking circles, Montagu is remembered for its rugged, remote riding – the kind that made the early Absa Cape Epics the legendary riders they are.

The trails here are not polite. They’re rocky, dusty and in your face, rewarding fitness and punishing arrogance. Riders will snake through the Keisie and Koo valleys, grind up jeep tracks that feel endless, and bomb down descents that leave forearms quivering. It’s terrain with character – harsh but heart-stirring, framed by the kind of Karoo vastness that reminds you how small you are.

Off the bike, Montagu’s charm is pure South African country hospitality. The main street is lined with Cape Dutch cottages and coffee shops where time moves at half speed. There are hiking trails, climbing crags and thermal baths to soak away the lactic acid. For supporters, it’s a photographer’s dream – every corner a postcard, every vista an Instagram filter waiting to happen.

Montagu’s comeback is more than sentimental. It’s symbolic. It’s a return to the Absa Cape Epic’s roots: raw, remote and untamed.

GREYTON

Stage 3, Stage 4, Stage 5 (start)

Past appearances: 2004, 2006, 2009, 2014, 2017, 2022 (Ă—6)

Few places embody the comfort and chaos of trail riding quite like Greyton. Nestled in a green valley at the foot of the Riviersonderend Mountains, this charming town – hamlet, really – feels like a time capsule. Gravel roads, stoep cafĂ©s and locals who wave like they’ve known you for years set the bucolic scene. It’s peaceful, but for mountain bikers, it can be a road to perdition.

Greyton’s network of trails combine flow and grit. The routes wind through fynbos fields, across rocky ridgelines and over rolling hills. The climbs are wicked, the descents exhilarating and the scenery distractingly beautiful. It’s a place that rewards rhythm and punishes hesitation – a true test of both legs and nerve.

The Absa Cape Epic has returned here often, for good reason. For supporters, it’s paradise: lazy river walks and quaint cafes offer a respite from racing drama.

Greyton isn’t just a stopover; it’s a reminder that the Absa Cape Epic, for all its brutality, is also about joy – the simple, perfect joy of mountain biking through beauty and enjoying quiet country charms.

STELLENBOSCH

Stage 5, Stage 6, Stage 7 (Grand Finale)

Past appearances: 8 – 2004, 2005, 2006, 2013, 2016, 2019, 2022, 2024

If South African mountain biking had a capital city, it would be Stellenbosch. Few places on the continent pack so much riding, history and style into one valley. The 2026 Cape Epic ends here – fittingly – amid vineyards, oak trees and the roar of fans who know their singletrack. They love their local riders too, so if you’re South African, be prepared for huge cheers.

Stellenbosch’s trails are legendary. Jonkershoek delivers lung-busting climbs and switchback descents that feel like rollercoasters built for adults. Banhoek Conservancy offers smooth, sculpted trails with sweeping views of the Drakenstein Mountains, while Botmaskop adds the technical spice that separates the merely fit from the truly skilled. It’s a playground for pros and mortals alike, maintained with obsessive care by a community that treats trail building as both art and religion.

But Stellenbosch isn’t only about bikes. It’s a feast for the senses boasting fine wine, world-class restaurants, art galleries and student energy from its university roots. The streets buzz with cyclists, baristas, sommeliers and students sharing space in perfect, happy harmony.

For supporters, it’s heaven: stylish guesthouses, mountain views, and enough attractions to fill a week. For riders, it’s the final test; the last climbs, the last cheers, the last gulp of Western Cape dust before champagne and relief.

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Experience Art, Creativity and Community at the 2025 Absa L’Atelier Art & Lifestyle Fair

Experience Art, Creativity and Community at the 2025 Absa L’Atelier Art & Lifestyle Fair

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Absa, in partnership with the South African National Association for the Visual Arts (SANAVA), invites the public to experience a day of art, culture, and family-friendly fun at the Absa L’Atelier Art & Lifestyle Fair, taking place at the NIROX Sculpture Park on Sunday, 11 October 2025, from 10:00 to 16:00.

Set in the scenic Cradle of Humankind, the Fair brings together the vibrancy of African creativity, local enterprise, and community spirit in one immersive experience. The event is open to the public and free for the whole family, offering something for everyone, from art lovers and collectors to foodies and families seeking an inspiring day outdoors.

Visitors can look forward to:

  • An exclusive exhibition showcasing the works of the Top 12 Absa L’Atelier 2025 Finalists, representing some of the most exciting emerging artists from across Africa.
  • An exhibition of recent artworks by young South African printmakers from Artist Proof Studio, highlighting the next generation of creative voices.
  • SME and craft pop-ups, featuring unique handmade products and creative goods from local entrepreneurs.
  • A Doodle Pop-Up Zone, where guests can unleash their creativity through interactive art activities.
  • A Kids and Teens Corner, designed to spark imagination and creativity through guided art workshops, playful installations, and hands-on activities, making the Fair a space where every generation can explore and create together.
  • A curated selection of gourmet food stalls and beverage bars, offering everything from artisanal eats to refreshing drinks.

“The Absa L’Atelier Art & Lifestyle Fair is about more than just viewing art, it’s about experiencing the creativity and innovation that drives Africa forward,” says Dr. Paul Bayliss, Absa’s Art and Museum Curator. “It’s a celebration of the stories, the people, and the communities that shape our continent’s creative future.”

Now in its 39th year, the Absa L’Atelier continues to be one of Africa’s most prestigious platforms for emerging visual artists. The Art & Lifestyle Fair expands that vision beyond the gallery connecting art, commerce, and culture in an inspiring outdoor setting.

Join us as we celebrate “A Story of Art”, a day where creativity meets community under the African sky.

For more information on the Absa L’Atelier and the Art & Lifestyle Fair, visit the Absa L’Atelier website or follow the conversation on social media using #AbsaLAtelier.

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Absa launches the next phase of its consumer education campaign: Protect your money, protect your story

Absa launches the next phase of its consumer education campaign: Protect your money, protect your story

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Following its financial literacy programme, the bank now focuses on equipping customers to spot and stop fraud, scams and cybercrimes.

Absa Group announced the launch of the second phase of its consumer education campaign, focused on protecting customers from the rising threats of cybercrime, fraud and data privacy breaches. Building on the success of its financial literacy drive in 2024, which focused on empowering South Africans with the knowledge of financial wellness, the new phase turns attention to protecting consumers against fraud, cybercrime and data privacy risks.

Manoj Puri, Head of Cybersecurity at Absa Group, explains: “Cybercrime is evolving every day, from phishing scams to deepfake technology. But the most powerful defence isn’t only in the systems we build; it’s in the awareness and vigilance of the people who use them. By acting together, we can make every device, every interaction and every transaction safer. When people are better equipped, they build a stronger defence against these forms of crime.”

The campaign underscores Absa’s commitment to helping customers take practical steps to safeguard their identity, data and financial transactions. It builds on the insights that while technology plays a critical role in protection, human behaviour remains the most vulnerable link. The majority of cyber incidents, often above 80%, involve a human element, including human error or falling victim to social engineering tactics like phishing and vishing.

The campaign addresses the most pressing digital risks facing South Africans and consumers across the African continent, including phishing, impersonation, mobile scams, social engineering and data leakage incidents. It also highlights the growing challenges posed by ransomware, deepfakes, artificial intelligence (AI) and fraud tactics targeting individuals and businesses.

Through engaging content, real-world examples and gamified learning, Absa will provide customers with accessible education on how to spot and report suspicious activity. The campaign also aligns with regulatory requirements under South Africa’s Protection of Personal Information Act (POPIA), the Cybercrimes Act and the Consumer Protection Act, all of which emphasise the importance of customer education and proactive prevention.

The integrated approach reflects Absa’s role as a trusted partner, not only in providing financial solutions but also in protecting the personal stories of its customers. From questioning a suspicious link to safeguarding login details, to reporting a potential scam; these everyday actions reduce risk for individuals while strengthening resilience across entire communities.

Absa’s campaign takes a practical, people-first approach. It’s designed not just to raise awareness, but to provide customers with clear, everyday actions that reduce risk.

Cybercriminals are constantly evolving, and it is more important than ever to protect your digital presence. To help consumers stay safe, Absa has published Top 10 tips to protect your money:

  1. Use only official apps for transactions.
  2. Avoid public Wi-Fi for financial activity.
  3. Don’t click on suspicious links in emails or SMSs.
  4. Never download files from unknown sources.
  5. Beware of calls asking for personal or bank information.
  6. Enable two-factor authentication wherever possible.
  7. Watch out for fake promotions requesting personal details.
  8. Regularly scan devices with trusted antivirus software.
  9. Use strong passwords and update them regularly.
  10. Don’t share sensitive information online.

Puri concluded: “Cybersecurity isn’t an IT issue; it’s a people issue. Every careful choice we make online protects not just our own data, but also our families, colleagues and the wider financial system. When we take ownership of our digital safety, we all benefit from a stronger, more trusted environment.”

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Visa and Absa announce winners of She’s Next South Africa 2025, celebrating women entrepreneurs driving innovation and impact

Visa and Absa announce winners of She’s Next South Africa 2025, celebrating women entrepreneurs driving innovation and impact

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Visa, in partnership with Absa, is proud to announce the winners of the second annual She’s Next South Africa competition, a flagship initiative designed to empower women-owned small businesses with access to funding, training, and mentorship. This year’s finalists represented diverse businesses, including farming to furniture, recycling, manufacturing, and clothing.

With her Avo processing factory on wheels, this year’s overall winner is Christine Masaiti from Grandstage Trading, who has been awarded the grand prize of a R450 000 monetary grant. Zimkhita Duze from Uuka Bricks secured second place, earning R270 000, while third place and R150 000 went to the founder of Stitches Uniforms, Tebogo Molotsi. The coveted Impact Award, recognising a business that delivers exceptional social or environmental change, gave Zimkhita and her Uuka Bricks a further R100 000.

Never imagining that she was going to win, when her name was called Christine, said: “I’m beyond thrilled. I’d like give thanks to Visa and Absa. This is something that I truly believe will really transform my life, and the community that I serve. Thank you so much to everyone.”

She’s Next South Africa is part of Visa’s global initiative to foster an inclusive and equitable entrepreneurial landscape. The 2025 winners were announced at a spectacular showcase in Hyde Park, Johannesburg, on 23 September, bringing together entrepreneurs, business leaders, and industry stakeholders to celebrate innovation and resilience among South Africa’s women-owned SMEs.

Speaking at the event, Country Head for Visa South Africa Lineshree Moodley, said: “We are here today not just as a celebration of the incredible finalists, but to honour the resilience and commitment we see women-owned businesses drive. This year we’ve been overwhelmed by the growth of She’s Next with over 1000 applications at such a high calibre. We are seeing women not just participating in innovation but driving the charge for innovation. It’s not just about developing one business; it’s creating legacies that live on beyond the business.”

Alongside the cash grants, a cohort of 30 women led businesses will gain access to an exclusive mentorship and business training programme, developed in partnership with Absa. This programme provides practical skills and guidance to help women entrepreneurs navigate South Africa’s tough business environment, strengthen operations, and unlock new growth opportunities.

“Entrepreneurship remains a cornerstone of inclusive growth and social progress. At Absa, we recognise the powerful role women-owned businesses play in creating jobs, driving innovation, and strengthening communities. Through our partnership with Visa on She’s Next, we are not only providing financial support but also addressing the systemic barriers that hold women entrepreneurs back. By enabling them to scale sustainably, we contribute to building a more resilient and inclusive South African economy,” said Mpho Nhlabathi, Head of Strategy and Shared Value, Corporate Citizenship, Absa Group Limited.

Deputy Minister of Small Business Development, Jane Sithole delivered a keynote address where she said: “Tonight, we’re here to celebrate remarkable women transforming the face of South Africa. Women are no longer knocking on the door of opportunity; they’re building the door themselves. People just need an opportunity to explore and show you what they can do. The number of applications to She’s Next proves that women are eager to take their rightful place in the national economy.”

This programme forms part of a broader vision shared by Visa and Absa to unlock inclusive growth by breaking down systemic barriers faced by women in business. Research from Absa’s 2025 Small Business Growth Index revealed that more than half of SMEs in South Africa risk closure within the next year without added support. With Sub-Saharan Africa having the highest rate of female entrepreneurship in the world, targeted initiatives such as She’s Next are critical in ensuring that women-led SMEs are not just surviving but thriving.

By celebrating the 2025 winners and reflecting on the success of the 2024 cohort, She’s Next South Africa has firmly established itself as a platform that amplifies women’s voices, supports their businesses, and contributes to building a more inclusive economy.

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Data, Demographics and Purchase Decisions – Absa Spotlights South Africans shifting Vehicle Purchasing Trends at DealerCon

Data, Demographics and Purchase Decisions – Absa Spotlights South Africans shifting Vehicle Purchasing Trends at DealerCon

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Demand, opportunity, and timing – these are some of the key factors driving South African consumers’ vehicle purchase decisions.

Speaking at the inaugural DealerCon today, South Africa’s premier annual gathering for the automotive retail industry, Henry Botha, Executive: Strategy & Product, Absa Vehicle and Asset Finance said: “The vehicle finance landscape is evolving, driven by data, demographics, and decisions. Women, mid-life buyers, and value-seekers are reshaping the market – and timing is everything.”

DealerCon, hosted by Cars.co.za, and sponsored by Absa, brought together leaders from motor dealerships, OEMs, financiers, insurers, and policymakers at the Sandton Convention Centre to discuss the future of automotive retail and the challenges of the evolving South African market.

Botha unpacked the journey through the decisions, the preferences, and the patterns that have defined how South Africans buy cars over the past decade.

“We’ve seen remarkable growth in vehicle finance activity. Applications have increased by 65%, averaging 5% growth per year. Income levels have risen by 35%, and the value of vehicles being financed has grown by 54%. The catch, however, is that affordability has deteriorated,” Botha added.

According to Botha, ten years ago, the average monthly instalment represented 14.3% of a customer’s income.

“Today, it’s 16.1%. That’s a significant shift. What does this tell us? It tells us that while demand is growing, consumers are stretching further. Vehicles are becoming more expensive, and incomes aren’t keeping pace. This not only signals economic strain, but also of changing priorities.”

While used vehicles continue to dominate the market – offering value, flexibility, and accessibility – new vehicles are gaining ground, especially among younger, aspirational buyers.

“When we look at manufacturer origin, we see fascinating trends: German brands remain the gold standard, especially among men and younger buyers. Chinese and Korean brands are rising fast, particularly among women and buyers aged 35 to 45. Women are open to new brands, technologies, and value propositions,” Botha explained.

On timing, Absa studied 70 000 customers over the past year to understand how long it took to make a purchase decision.

“We found that the most active period is the 30 days following the lead. There is as much activity in that single month as there is in the 6 months before and the 6 months after. Interestingly, women are more likely to apply within 30 days at 40% compared to 33% of men,” he explained.

“This is critical. It means the window of opportunity is narrow and powerful. If we want to convert interest into action, we must act fast… however, this is not just about selling more cars. It’s about understanding the customer and their needs, their timing, their mindset.”

Charl Potgieter, Managing Executive, Absa Vehicle and Asset Finance noted the generational lens in purchasing trends, with Gen Z buyers showing behaviour that’s both familiar and subtly different.

“Like previous generations, they’re constrained by income and tend to buy vehicles that match their budget and lifestyle needs. However, they are more digitally engaged, doing extensive online research before making decisions.

“They remain brand conscious and tend to stick with established brands, showing hesitancy toward newer entrants,” he explained.

Adoption of new brands was more common among older, higher income segments who are willing to take more risks. “Gen Z also values tech features and sustainability, but affordability remains their primary driver.”

The event drew close to 1 000 registrants and is billed to be a multi-year thought leadership platform through which sector stakeholders can glean practical insights, particularly for dealers.

Managing Director of Cars.co.za, Amasi Mwela thanked Absa for embracing its role as the “bank of the dealer”, adding that: “There’s been such a shift in the industry over the last 10 years… all of us have to change, adapt and move to the next frontier.”

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Absa Jazz Sessions at Marble celebrates Spring in full bloom with the second edition on 14 September 2025

Absa Jazz Sessions at Marble celebrates Spring in full bloom with the second edition on 14 September 2025

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As South Africa marks Heritage Month and the arrival of spring, Absa and the Marble Group will host the second edition of the Absa Jazz Sessions at Marble. This exclusive event takes place on Sunday, 14 September 2025, under the theme of Jazz in full bloom, celebrating renewal, heritage, and cultural pride.

Set against the Rosebank skyline, guests will enjoy an intimate evening where world-class jazz and culinary artistry combine to honour rhythm, resilience, and South African creativity.

“Heritage Month is a moment to celebrate the stories that unite us as South Africans,” says Candice Thurston, Managing Executive for Brand and Marketing at Absa Group. “The Absa Jazz Sessions shine a spotlight on the artists, chefs, and creators who bring those stories to life. At Absa, we see your story, and we believe every story deserves to be seen and celebrated, because your story matters.”

The carefully curated line-up reflects both the freshness of the season and the richness of local heritage. Kujenga Jazz Band, whose sound bridges tradition and contemporary expression, will headline the evening. Closing the night, DJ Mamthug will bring a dynamic set that bends genres and channels the vibrant energy of spring.

More than a performance, the Absa Jazz Sessions at Marble are immersive cultural journeys. Guests will also enjoy a specially designed spring-inspired menu from acclaimed chef, author, and Marble co-founder David Higgs, together with Executive Chef Jandri Niemand. Like the music, their dishes are bold, expressive, and rooted in story.

Since its debut earlier this year, the Absa Jazz Sessions at Marble has become a signature quarterly series, a closed, highly curated experience for a select circle of Absa guests and partners. Each instalment unveils a new theme, new voices, and a new way of experiencing African creativity.

“This September, Jazz in full bloom will remind guests of the beauty of renewal, the strength of our heritage, and the timeless soul of jazz. At Absa, #WeSeeYourStory and #YourStoryMatters because it is the stories of our people that continue to shape our future,” concludes Thurston.

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Absa Group Collaborates with Amazon Web Services to Accelerate Cloud Migration in South Africa

Absa Group Collaborates with Amazon Web Services to Accelerate Cloud Migration in South Africa

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Absa Group has announced a strategic partnership with Amazon Web Services (AWS) to accelerate its cloud migration journey as part of its continuous digital transformation journey. This collaboration marks a significant milestone in Absa’s digital transformation strategy, aimed at delivering more agile, secure, and customer-focused financial services.

Building on a strategic relationship that began in 2015, Absa has expanded its collaboration with AWS to accelerate innovation and digital transformation in South Africa. This development reinforces Absa’s position as a cloud-native, digitally powered bank, delivering more agile, secure, and personalised customer service.

AWS will serve as Absa’s preferred cloud provider, enhancing the bank’s technological agility while ensuring it remains responsive to the evolving needs of its customers for frictionless, digital experiences. By leveraging the full breadth of AWS services, Absa aims to harness emerging technologies, accelerate digital transformation, and deliver secure, innovative, and customer-focused solutions across its markets.

Johnson Idesoh, Group Chief Information and Technology Officer at Absa said, “This partnership reflects our ambition to be a digitally powered financial institution that delivers exceptional value to our customers. We are excited to leverage AWS’ industry-leading banking and finance expertise for our digital transformation. Moving additional services to AWS will modernise our infrastructure, enable us to innovate faster, strengthen our resilience, enhance security, and offer more personalised, intuitive customer experiences.”

Beyond technology, the partnership will continue to support inclusive growth through digital skills development and community investment. In collaboration with AWS, Absa has a longstanding relationship with the Women in Tech initiative, helping to bridge the gender gap in technology careers across the continent. This year marks the third consecutive year that the Women in Tech South Africa chapter has partnered with Absa and the AWS Skills Centre. The expanded programme will include 150 unemployed women from South Africa, Kenya, Botswana, Uganda, and Ghana, who will benefit from free AWS Cloud training and an Absa-sponsored exam fee (valued at $100) to become AWS Cloud Practitioner Certified.

“Our partnership with AWS goes beyond technology; it’s about driving continuous transformation. Together, we are investing in people, communities, and the future of inclusive digital economies across Africa. Choosing a cloud provider with a data centre on the continent is a deliberate decision to support investment in local communities. It’s also a step in our AI transformation journey as a financial services provider, by enabling smarter decision-making, hyper-personalised customer experiences, and greater operational efficiency—driving innovation while enhancing trust, speed, and scale,” added Idesoh.

Tanuja Randery, Vice President of Sales for Europe, Middle East, and Africa at AWS said, “We are excited to deepen our collaboration with Absa Group. This partnership exemplifies our shared commitment to driving innovation through cloud technology while building digital capabilities and equitable access to learning across Africa. Through our comprehensive training programmes and AI solutions, we’re supporting Absa’s technical transformation and helping to create a skilled workforce that supports the population as it embraces the digital future. The success we’ve seen with initiatives like Women in Tech demonstrates the powerful impact of combining cloud technology with skills development. We look forward to continuing our work with Absa to accelerate its cloud adoption and foster inclusive growth across the continent.”

Idesoh concludes by saying, "With a customer-obsessed mindset, we are committed to enabling SMEs, retail clients, and corporate partners by leveraging the benefits of scale and innovation ecosystems to meet their unique needs across Africa."

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Absa Group Announces Strategic Executive Leadership Appointments and Changes to Accelerate Pan-African Growth and Customer-Centric Focus

Absa Group Announces Strategic Executive Leadership Appointments and Changes to Accelerate Pan-African Growth and Customer-Centric Focus

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  • Leadership appointments and changes strengthen Absa’s commitment to operational excellence, innovation, and delivering exceptional value to clients across the continent.
  • Absa landed its reconfigured Personal and Private Banking and Business Banking businesses in South Africa in June 2025 for better integration and enhanced customer focus. 
  • By reorganising through a Pan-African purview, Absa will be streamlining its operations, simplifying organisational designs and structures, and leveraging data and technology better to deliver enhanced value to customers.

Absa Group has announced a series of strategic executive leadership appointments and changes that reinforce its commitment to driving growth, innovation, and customer-centricity across its Pan-African operations. These appointments mark a significant step in strengthening leadership capacity as the Group positions itself to deliver scaled impact and operational excellence across all markets.

Key appointments 

Charles Russon, who until June 2025 was Interim Group Chief Executive and before that, the Chief Executive: Corporate and Investment Banking, will assume a new role of Group Executive: Africa Regions, effective 1 September 2025, subject to regulatory approval. In his new role, Charles will be accountable for leading and overseeing the performance of the Group’s operations across the Africa regions and provide advisory support to the business units. The role encompasses strategic planning, financial analysis, stakeholder engagement, and adherence to regulatory standards, while also directing the development and execution of business strategy throughout the African continent in support of the Group Chief Executive. Charles will remain as a member of the Group Executive Committee and will be an Absa Group Limited and Absa Bank Limited Prescribed Officer.  We thank Charles for his leadership, especially during the transition to our new Group Chief Executive and appreciate the impact he continues to make in the Group.

Zaid Moola will join the Group as Chief Executive: Corporate and Investment Banking (CIB), subject to regulatory approval.  Zaid will join the Group on 1 December 2025 and will assume accountability as Chief Executive: CIB on 1 January 2026.  Zaid will be a member of the Group Executive Committee and will be an Absa Group Limited and Absa Bank Limited Prescribed Officer. Zaid joins the Group from Standard Bank, where he was Head of Global Markets. Prior to this, he was Deputy Head of Global Markets and Head: CIB South Africa. Zaid is a Chartered Accountant (CA(SA)) with an Advanced Management Programme from INSEAD. He is a FAIS-certified Authorised Representative and Key Individual.

Musa Motloung will join the Group as Group Strategic Risk Officer, subject to regulatory approval, reporting to the Group Chief Risk Officer, Rajal Vaidya. In this role, Musa will be a key contributor to the Group Exco regarding strategic decisions that have large scale and long-term impact on the Group. Musa is a seasoned executive, with experience in Finance, Investment Banking and Corporate Strategy at Standard Bank, Barclays Africa, BHP Billiton and Anglo American. He joins Absa from Standard Bank, where he was Chief Risk Officer in the Corporate and Investment Bank. Musa is a Chartered Accountant (CA(SA)), with an Advanced Financial Management Programme, an MPhil in Corporate Strategy and a PhD.

“Our ability to design and deliver as a client-centric Pan-African organisation—enabled by top talent—is critical to our success and I’m excited to work with these colleagues moving forward,” said Kenny Fihla, Absa Group Chief Executive Officer.

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Absa partners with Dylan Naidoo to tell an Untold Story of grit, ambition, and breaking barriers in golf

Absa partners with Dylan Naidoo to tell an Untold Story of grit, ambition, and breaking barriers in golf

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Absa is proud to announce its partnership with professional golfer Dylan Naidoo, a rising force in South African sport whose journey embodies the power of ambition, resilience, and opportunity.

Naidoo turned professional in 2019 after earning his Sunshine Tour card through the prestigious Vusi Ngubeni Tournament. In 2025, he made history as the first person of colour to win the South African Open, breaking barriers in one of the country’s most exclusive sports and redefining what greatness looks like for the next generation.

Dylan’s journey is one of untold ambition, inspired by his father, a multi-sport athlete who instilled the hard truths and discipline that pushed him to fully commit to golf. From early days of practicing cricket and tennis to the independence he found in golf, Dylan’s relentless drive has made him a trailblazer on and off the course.

Through this partnership, Absa will bring Dylan’s untold story to life, celebrating his grit and resilience while inspiring young South Africans to pursue their dreams with the same determination.

As part of the collaboration, Absa and Dylan will also contribute to social impact initiatives, including matched donations toward community upliftment projects, further reinforcing Absa’s commitment to being a Force for Good.

“Dylan’s story is one of perseverance and ambition. It resonates deeply with Absa’s belief that when talent meets opportunity, greatness is possible,” said Candice Thurston, Managing Executive Brand and Marketing for the Absa Group. “He is not only breaking boundaries in golf but also inspiring a new generation to dream bigger and achieve more.”

Whether through Absa Business Banking, where his resilience mirrors the entrepreneurial journey, or Absa Private Banking, which supports those striving for excellence, Dylan Naidoo’s story reflects the ambition Absa champions across Africa.

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Media release

Absa Group Delivered 17% Headline Earnings Growth Driven by Lower Impairments and Pre-Provision Profit Growth

Absa Group Delivered 17% Headline Earnings Growth Driven by Lower Impairments and Pre-Provision Profit Growth

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Salient points

  • Revenue rose 5% to R56.5 billion
  • Pre-provision profit increased 4% to R26.4 billion
  • Impairments decreased 14% to R7.2 billion
  • Credit-loss-ratio improved to 100 basis points (bps) from 123 bps
  • Headline earnings increased 17% to R11.9 billion
  • Operating costs grew 6% to R30.0 billion
  • Cost-to-income ratio increased to 53.2% from 52.7%
  • Dividend per share increased 15% to 785 cents
  • Return on equity increased to 14.8% from 14.0%
  • Common Equity Tier 1 (CET 1) ratio of 12.5%, slightly lower than prior year (12.7%)

 

Absa Group delivered strong earnings growth for the first half of 2025, reflecting successful execution of its strategic priorities. Headline earnings increased 17% as credit impairments declined and pre-provision profit grew.

Revenue increased, underpinned by strong non-interest income growth and stable net interest income, reflecting solid divisional revenue contributions. From a geographic perspective, double-digit earnings growth was delivered by the Group’s South African operations, mainly due to lower impairments, while Africa regions’ performance was mainly driven by strong pre-provision profit growth as underpinned by strong customer growth.

“Our interim earnings performance demonstrates good progress on strategic priorities during this period, including operational reorganisation and divisional alignment, and enhanced client focus. Headline earnings increased 17% and our return on equity continues to improve, showing the benefit of our diversified footprint with operations in 16 countries,” said Kenny Fihla, who joined Absa Group as Chief Executive Officer on 17 June 2025.

A 14% decrease in impairments played a significant role in delivering earnings growth and included a robust collections strategy, credit model enhancements, and changes to new-business lending criteria, particularly in vehicle asset finance and unsecured lending. The credit-loss-ratio reduced in line with guidance and is at the top end of Absa’s through-the-cycle target range at 100 basis points.

“Among the key contributors to our strong performance are a notable improvement in our credit-loss-ratio, strong growth in non-interest income particularly trading, and cost management supported by our productivity programme,” said Deon Raju, Absa Group Financial Director. To date, Absa has achieved R2.4 billion of the R5 billion savings it had committed to achieving by 2027 under a productivity programme launched in 2024.

“While we continue to operate in a highly competitive environment, we remain focused on identifying opportunities to grow our balance sheet, our customer base and maintain our competitive positioning across our markets,” added Raju.

Business unit performance

Absa Group business units’ performance in the first half of 2025 reflects the benefits of disciplined execution, with most business units reporting strong earnings growth.

Business unit headline earnings performance

Business unit June 2025 Headline earnings Change year-on-year
Personal and Private Banking R3.2 billion Increased 23%
Business Banking R1.7 billion Decreased 12%
Corporate & Investment Banking R6.4 billion Increased 10%
Absa Regional Operations Retail and Business Banking (ARO RBB) R1.1 billion Increased 35%

 

The newly formed Personal and Private Banking (PPB) business unit delivered strong earnings growth, primarily driven by a significant reduction in credit impairments, despite muted revenue growth due to modest industry loan expansion and a more conservative risk appetite in lending. PPB is continuing its investment in enhancing the bank’s digital capabilities to deliver a seamless, human-centered banking experience for its customers. The areas of focus include enhancing mobile and digital platforms, embedding artificial intelligence (AI) and data analytics and strengthening cybersecurity.

Business Banking (BB) earnings fell short of expectations and were impacted by subdued revenue growth and higher credit-related impairments.

Corporate and Investment Banking (CIB) reported solid earnings growth and benefitted from lower credit-related impairments and robust trading revenue, although net interest income growth remains constrained. CIB remains an anchor for the Group, contributing more than half of the Group’s earnings.

Absa Regional Operations Retail and Business Banking (ARO RBB) showed strong growth in revenue and pre-provision profit with a significant improvement in headline earnings. These results were supported by strong customer acquisition and fee income growth, which helped offset higher credit-related impairments.

Head Office, Treasury, and other operations reported a substantially lower earnings loss, reflecting the impact of asset and liability management optimisation and the discontinuation of hyperinflationary accounting in Ghana due to lower inflation in that market.

Non-financial performance

Absa Group’s customer base increased 2% to 12.8 million in the first half of the year and Group-wide digitally active customers increased 8% to 5 million customers.  Continued efforts in evolving product offering and digital channels were evident from, for example, the launch of our Kiganjani App in Tanzania, making it easier for customers to manage their finances from anywhere.

Absa increased its investment in IT-related spend, with costs increasing 5% to R8.2 billion, mainly reflecting investment into new digital capabilities resulting in higher cybersecurity, as well as software license and maintenance costs. Ongoing investments in new technologies, the use of AI and digitisation are expected to yield benefits through operational streamlining and automation which will further enhance delivery on client-centric solutions.

Absa is continuing its journey to advance its sustainable finance agenda and is refining its ESG strategy to focus on high-impact sectors while advocating for regulatory support to unlock further investment in industrial decarbonisation and infrastructure.

 

Outlook

Given the weak start to the year and the negative impact of the US trade tariffs, we expect the South African economy to grow just 0.9% in 2025. Our baseline forecast for our Africa region countries is that GDP will rise slightly to 4.8% in 2025. Although heightened global uncertainties have increased downside risks for all our markets, lower inflation and policy rates, ongoing infrastructure investment, favourable weather conditions, multilateral support and a strong focus on reform across the region continue to support the longer-term outlook.

For the full year, Absa’s guidance for 2025 is largely unchanged and expects mid-single digit revenue growth. Return on equity of around 15% is expected. We expect a weaker Rand to underpin earnings slightly in 2025, and Africa regions earnings growth should be noticeably stronger than South Africa.

 

For Group CEO video remarks and a video clip featuring our highlights during the first half of 2025, please visit News and Insights – Absa Group | Welcome to Absa Group Limited.

To view our SENS and investor materials, visit Financial results – Absa Group | Welcome to Absa Group Limited