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Absa Purchasing Managers’ Index (PMI) Increases For The Third Consecutive Month In March 2021

1 April 2021

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose for a third consecutive month to reach 57.4 index points in March, from 53 the month before. The increase was supported by an […]

Absa Earnings Decline; 7% Pre-Provision Profit Growth Indicates Positive Underlying Performance

15 March 2021

Group provided relief to more than 670,000 customers *Salient points Revenue increased 2% to R81.4 billion  Operating costs fell 2% to R45.6 billion Cost-to-income ratio improved to 56% from 58% […]

The Passing Of Peter Matlare

8 March 2021

It is with profound sadness that the Absa Group announces the passing of our Executive Director and Deputy Group Chief Executive, Peter Matlare, on 7 March 2021 due to COVID-19-related […]

Absa Purchasing Managers Index February 2021

1 March 2021

The seasonally adjusted Absa Purchasing Managers Index (PMI) increased to 53 index points in February from 50.9 in the month before. The further increase was supported by three of the five subcomponents […]

Absa Donates R10 Million To The GBVF Response Fund

4 February 2021

Absa Group today pledged R10 million to the newly-established Gender-Based Violence and Femicide (GBVF) Private Sector Response Fund, and will also provide free banking services to the fund for 12 […]

Absa To Serve On Global Payment Security Standards Council’s Board Of Advisors

20 January 2021

Absa Group has been selected to serve on the Payment Card Industry Security Standards Council’s (PCI SSC’s) Board of Advisors in 2021 and 2022. In this role, Absa is able […]

Absa’s Cybersecurity Academy Comes Out Tops At 2020 Banking Tech Awards

11 December 2020

Separation technology programme receives high commendation in “Best Tech Overhaul” category Absa Group, one of Africa’s largest financial services providers, won first place in the ’Fintech for Good’ category at […]

Absa South Africa: Statement On Limited Customer Data Leak

4 December 2020

Absa advises that an employee has unlawfully made selected customer data available to a small number of external parties. The leaked data relates to a small portion of Absa South […]

Absa Purchasing Managers’ Index (PMI) Sees A Decline In November

1 December 2020

The Absa Purchasing Managers’ Index (PMI) (link to attached PMI Report – November 2020.pdf) declined to 52.6 index points in November from the solid 60.9 points recorded in October. The decline comes […]

Absa Group Financial Director Is Named 2020 CFO Of The Year

25 November 2020

Absa Group Financial Director Jason Quinn was named CFO of the Year at the 2020 CFO Awards on 25 November. Jason won three of the ten awards, including the ‘Strategy […]