By Peter Worthington, Senior Economist, Absa Group As the COVID-19 pandemic escalates both globally and domestically, concerns are mounting at an exponential pace about the ultimate impact on the South […]

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10 August 2022
By Peter Worthington, Senior Economist, Absa Group As the COVID-19 pandemic escalates both globally and domestically, concerns are mounting at an exponential pace about the ultimate impact on the South […]
By Jeff Gable, Head of Research, Absa Group South Africaās sovereign credit rating was downgraded by Moodyās Investor Services on Friday evening.Ā Thus for the first time since South Africaās […]
By Peter Worthington, Senior Economist, Absa Group The COVID-19 pandemic is cutting a swathe of economic devastation across the world; an unprecedented global recession now upon us. Unfortunately, South Africa, […]
By Ridle Markus, SSA Macroeconomist, Absa Group Sub-Saharan Africa (SSA) is now bracing for a sharp downturn in economic activity as a result of the COVID-19 outbreak which has further […]
By Dr Roze Phillips: futurist, medical doctor and Absa Group Executive for People and Culture. Every year, Oxford Dictionaries selects its āWord of the Yearā, normally a word or expression […]
By Dr Paul Bayliss, Absa Senior Specialist Art Curator. TheĀ coronavirus pandemicĀ had a sudden and substantial impact on arts and culture. Very suddenly and without warning, by March 2020, cultural institutions […]
Isana Cordier, Consumer Sector Head, Absa, Corporate and Investment Banking The Covid-19 crisis and its impact on virtually every facet of social and economic life has revealed that moving with […]
5 August 2022
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 adjustedĀ Absa Purchasing Managersā Index (PMI)Ā recovered from Decemberās 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 […]