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Absa Separation From Barclays 69% Complete; On Track For Completion In 2020

7 June 2019

Absa Group Ltd., one of the largest financial services providers in Africa, told investors yesterday that its programme to separate from Barclays PLC is 69% complete, with 184 of the […]

Absa PMI Fell To 45.4 Index Points In May

3 June 2019

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) erased most of last month’s gain and fell to 45.4 index points in May from 47.2 points in April. Barring a drop […]

Societe Generale And Absa To Jointly Accompany Chinese Clients In Their African Development

24 May 2019

Societe Generale, a leading European bank with operations in 19 African countries, and Absa Group Limited (ā€œAbsaā€), a leading financial services group in Africa with presence in 12 countries, announced […]

Absa Group Successfully Migrates Subsidiaries’ Digital Channels from UK To South Africa

21 May 2019

Absa Group Limited today announced another successful migration project following on from the completion of the core banking system migration of six subsidiaries (Tanzania, Ghana, Botswana, Zambia, Mauritius and Seychelles) […]

Absa PMI Rose To 47.2 Index Points In April

1 May 2019

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 2.2 points to reach 47.2 index points in April. This was the first increase after three months of declines in […]

Statement Regarding COMPETITION TRIBUNAL Case

23 April 2019

Statement regarding COMPETITION TRIBUNAL case On 17 February 2017, the Competition Commission of South Africa announced that it had decided to refer several banks (foreign currency traders) to the Competition […]

Absa Launches #BeatPlasticPollution Drive In South Africa

Absa Group launched a #BeatPlasticPollution campaign last week as a commitment to reducing its environmental footprint. The group has replaced a range of single-use plastic items used by about 22 […]

Absa Group Successfully Migrates Subsidiaries’ Banking Platform From UK to South Africa

16 March 2019

Absa Group successfully migrates subsidiaries’ banking platform from UK to South Africa Absa Group Limited today announced that it has successfully migrated the banking platform used by six of its […]

Absa Group Reports Increase In 2018 Earnings; Resets For Delivery Against Strategy

11 March 2019

Absa Group Reports Increase in 2018 Earnings; Resets for Delivery Against Strategy *Key Financial Highlights: Headline earnings rose 3% to R16.1 billion Return on equity improved to 16.8% from 16.5% […]

Absa To Reverse And Refund Fraudulent Debit Orders

25 February 2019

Johannesburg – Absa Group Limited has stepped up efforts to combat a recent spike in illicit debit orders and will file criminal charges against those suspected of being responsible. This […]