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PMI Continues Downward Trend

8 January 2020

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged lower to 47.1 index points in December 2019 from 47.7 points recorded in November. The December figure is about one point below the […]

Absa Group Concludes Agreement With MIGA To Bolster Financing

7 January 2020

Absa Group Ltd, one of the largest diversified financial service providers in Africa, has concluded an agreement with the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank […]

Absa Group Limited (AGL) Appoints Daniel Mminele As Group Chief Executive

6 January 2020

Absa Group Limited (AGL) appoints Daniel Mminele as Group Chief Executive •           Mminele to start on 15 January 2020•           A “forward-thinking” leader that will drive Absa’s long-term growth Absa Group […]

Absa Purchasing Managers’ Index November 2019

8 December 2019

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) ticked down to 47.7 index points in November from 48.1 in October. The decline was broad-based as four of the five subcomponents […]

Absa Plans To Grow Its Lending Book In African Markets

3 December 2019

Absa Corporate and Investment Banking (CIB) says there are good business opportunities in some markets in sub-Sahara Africa outside South Africa where the bank has appetite to increase its agricultural […]

Absa Rebrand Advances As Ugandan, Moçambican Subsidiaries Are Renamed

11 November 2019

Barclays Bank of Uganda Limited renamed as Absa Bank Uganda Limited Barclays Bank Moçambique renamed as Absa Bank Moçambique, SA Subsidiaries in other countries remain Barclays; to be rebranded before […]

Absa Receives US Regulatory Approvals To Open Representative Office In New York

United States Federal Reserve Board and New York State Department of Financial Services have approved Absa Bank Ltd application to open a Representative office in New York Absa expects the office […]

Absa Agrees Sale Of Edcon Store Card Debtors’ Books

29 October 2019

Absa has today confirmed its sale of the Edcon store card debtors’ book to RCS Group, a subsidiary of BNP Paribas Personal Finance, subject to regulatory approvals. The transaction includes […]

South Africa Claims Top Position In The Absa Africa Financial Markets Index

22 October 2019

South Africa has for the third year running, claimed top position among 20 African countries ranked by the Absa Africa Financial Markets Index in terms of financial markets development. This […]

Absa Partners With Maharishi Institute To Address A Skills Shortage

15 October 2019

We have partnered with the Maharishi Institute (MI) to set up the Absa Cybersecurity Academy to address a skills shortage. The programme is an externally focused, corporate social responsibility initiative […]