Proparco is collaborating with South Africa’s third largest bank by assets, Absa Bank Limited, by granting it a senior loan of $20 million to contribute to its support plan for […]

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) recovered from December’s loss of momentum and rose to 57.1 index points in January 2022, following a dip to 54.1 in December 2021. The […]

*Salient points Revenue increased 6% to R85.9billion Operating costs rose 4% to R47.4 billion Cost-to-income ratio decreased to 55.2% from 56% Pre-provision profit increased 7% to R38.5 billion Impairments fell […]

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 4.1 index points to reach 54.8 in May 2022. A month-on-month rebound was expected after the PMI lost more than 9 points […]

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell sharply to 50.7 index points in April 2022. This is the lowest level of the PMI since July 2021 when unprecedented looting and […]

Johannesburg, 13 April 2022: Proudly African bank Absa, in partnership with the South African National Association for the Visual Arts (SANAVA), officially opened applications for the 2022 Absa L’Atelier, inviting artists […]

Absa Purchasing Managers’ Index (PMI) increased for a third consecutive month. The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased for a third consecutive month to reach 60.0 in March, […]

Absa Group today announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately. The appointment follows a thorough recruitment and selection process completed by the Board.   Arrie, […]