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Coronavirus and the chance to change

10 August 2022

By Dr Roze Phillips: futurist, medical doctor and Absa Group Executive for People and Culture. Every year, Oxford Dictionaries selects its “Word of the Year”, normally a word or expression […]

Published
Categorized as Covid 19

Art in isolation during COVID-19

By Dr Paul Bayliss, Absa Senior Specialist Art Curator. The coronavirus pandemic had a sudden and substantial impact on arts and culture. Very suddenly and without warning, by March 2020, cultural institutions […]

Published
Categorized as Covid 19

South Africa’s consumer sector has to adapt and reinvent

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 […]

Published
Categorized as Covid 19

Proparco And Absa Join Forces To Support SMEs Impacted By The Covid-19 Crisis

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 […]

Absa Purchasing Managers’ Index (PMI) Rose To 57.1 Index Points In January 2022

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 […]

Absa Group 2021 Earnings Increase On Lower Impairments, Higher Pre-provision Profit

*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 […]

Absa Group Strengthens Executive Team, Refines Operating Model

30 June 2022

    Absa Group Strengthens Executive Team, Refines Operating Model As part of Absa Group’s journey to enhancing market competitiveness and with due consideration to its transformation imperative, the Group […]

Purchasing Managers’ Index (PMI) Rose By 4.1 Index Points To Reach 54.8 In May 2022

8 June 2022

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 […]

Absa Opens A New Art Gallery In Johannesburg

23 May 2022

Absa opens a new art gallery in Johannesburg Absa, a leading financial services provider in Africa, opened a new art gallery on Thursday, 19 May 2022. Located at the Absa […]

Absa PMI Fell Sharply To 50.7 Index Points In April 2022

10 May 2022

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 […]