ARTICLES RELATING TO ABSA

Cell C's boss did nothing

2013-05-02 15:00

Companies are responsible for the actions of their staff and cannot simply push matters of fraud aside, says a scam victim who lost R90 000 through a SIM swap.

Absa: We mitigated Weideman loss

2013-04-30 18:29

Absa says it has proactively been able to prevent any further transactions and mitigated further loss on Media24 CEO Esmaré Weideman’s account.

Wiped clean

2013-04-30 16:27

A Fin24 user is at this moment trying to determine how fraudsters got access to her bank account.

Flood of SIM swap victims come forward

2013-04-30 15:45
110 comments

Fin24 has been inundated with emails from users who lost money through SIM swaps following a report of Media24 CEO Esmaré Weideman’s loss of R360 000.

Fake ID used for SIM swap

2013-04-30 14:46

Both the banks and cellphone providers should take responsibility for our money being stolen, says a Fin24 user.

Cellphone banking fraud on the rise

2013-04-12 17:30

With the rising tide of internet and cellphone banking fraud in South Africa, banks have been urged to tighten safety measures to protect consumers.

Barclays told to rein in pay

2013-04-03 17:45

Absa's parent company Barclays must rein in salaries for top staff and tighten controls to repair its reputation following a string of scandals, a report states.

FNB, MTN satisfy customers most - survey

2013-02-26 17:40
79 comments

SA banking and mobile consumers are among the most satisfied in the world, with FNB and MTN coming out tops, a survey shows.

Absa appoints new board members

2013-02-21 20:34

Absa has announced the appointment of two new board members, who already hold positions in the banking giant's parent company Barclays.

Capitec clears chaos

2013-01-11 14:39

Capitec Bank explains why it took 19 days for transactions to clear.

Moody’s downgrades SA banks

2012-12-05 17:00

Moody's credit rating agency has lowered its outlook for South African banks' to "negative" from "stable".

Property market remains subdued

2012-11-15 18:17

The local property market remained subdued during the first three quarters of 2012, Absa says.

ANC makes money on Mangaung

2012-10-28 10:49
155 comments

The ANC hopes to cash in at Mangaung with business people paying to rub shoulder's with the party's elite, it has been reported.

SA bank charges lower, research shows

2012-10-18 15:39

Four of the five large commercial banks in South Africa have lowered the cost of virtually all their accounts over the past year, research shows.

Absa to take Tafakul to Africa

2012-09-10 14:12

Africa will remain a key focus for Barclays and Absa and one of the next steps is to take the group’s Islamic insurance offering into the continent.

Banking system security trumps BEE

2012-09-02 18:11

Basel III regulations will take precedence when it comes to dealing with BEE in banks to safeguard SA's financial stability, says an industry expert.

Standard Bank profits jump 9%

2012-08-16 09:42

Standard Bank has posted a 9% rise in first-half profit, helped by a jump in its core lending business, but cautioned about lean times ahead.

BEE investors to quit Absa

2012-08-05 10:47

Black economic empowerment investors in Absa, are set to sell their stake in the banking group, City Press reports.

Another Barclays director quits

2012-07-25 15:21

The head of scandal-hit Barclays' remuneration committee, Alison Carnwath, has resigned from the board with immediate effect.

Barclays boardroom bloodbath

2012-07-03 17:30

Barclays, Absa Bank's parent company, says that its chief operating officer had become the latest high-profile executive to resign over a rate rigging scandal.

Absa online banking back on track

2012-05-25 18:14

Absa bank’s online and mobile problems have been solved after users battled to use the services.

Absa launches online money tool

2012-05-23 10:36

Absa bank has rolled out an upgrade to its online banking platform that seeks to provide customers with more information to manage their money.

SA's top 2 banks see double-digit profit

2012-02-23 11:02

Standard Bank and FirstRand say they expect profit growth or around 20%, indicating that local banks are well on the road to recovery.

SA banks may battle to meet new rules

2011-10-27 22:00

Local banks could face major challenges in complying with tougher global liquidity rules, says the Reserve Bank.

Banks not keen on deposit insurance plan

2011-08-28 13:41

Bickering between commercial banks and the national Treasury over the introduction of a deposit insurance scheme could stifle SA's development of small and cooperative banks.

 

North West ATMs bombed

2013-05-01 19:14

Two Absa ATMs have been bombed in the Tlhabane township outside Rustenburg, North West police say.

Disappointed after 15 years with Absa

2013-04-30 16:35

Michelle Burger, an e-tv production manager, has told of her SIM swap fraud ordeal after reading about Media24 CEO Esmaré Weideman's R360 000 loss.

All but impossible to catch scamsters

2013-04-30 16:12

A Fin24 user who lost over R19 000 was told by the police that it is nearly impossible to track down the perpetrators.

Make them face the music

2013-04-30 14:50

Another Fin24 SIM swap victim who lost R60 000 from his credit card account after a cellphone upgrade tells his story.

This is outright theft

2013-04-30 14:29

It is time for a class action against MTN and Absa so that people whose money has been stolen could get it back from these companies, says a Fin24 user.

Absa unveils banking app

2013-04-10 16:23

Absa has launched a new app for mobile and tablet users to perform their banking transactions, in a series of new financial solutions.

Absa explains debit order glitch

2013-03-19 13:23

A debit order problem that inconvenienced Absa clients and left some overdrawn was due to an unauthorised debit order instruction from FNB, according to Absa.

SA payD platform expands to Absa

2013-02-22 11:00

The e-commerce payD platform has been expanded to more customers with a new agreement signed between Oltio and Integrated Processing Solutions.

Top Barclays man stepping down

2013-02-04 07:28

Absa's parent company Barclays, that has been hit by a global rate rigging scandal, says finance director Chris Lucas is stepping down.

Barclays/Absa shake-up to improve costs

2012-12-07 07:58

A combination of Barclays' African operations with Absa could improve efficiency and allow the UK group to expand in the faster-growing region‚ Fitch Ratings says.

Qatar cashes in Barclays warrants

2012-11-26 13:39

Qatar has cashed in its remaining warrants in Absa parent Barclays, a move that should yield a $280m profit.

Wendy Lucas-Bull to chair Absa

2012-11-06 11:05

Following a nine-month search, Absa has appointed Wendy Lucas-Bull as its new non-executive chairperson.

ANC makes money in Mangaung - report

2012-10-28 10:06

The ANC hopes to cash in Mangaung with business people paying to rub shoulder's with the party's elite, reports The Sunday Times.

Absa BEE partner offloads R3.4bn stake

2012-10-10 15:07

Absa says its eight-year partnership with its black economic empowerment partner Batho Bonke created value for both parties.

Global housing market declines further

2012-09-04 12:42

There is no end in sight to the global housing market downturn‚ except probably in the US‚ according to the Global Property Guide.

New Barclays boss an insider

2012-08-30 09:57

Absa parent Barclays has named Antony Jenkins as its new CEO, handing an insider the job of repairing the damage caused by a rate-rigging scandal.

Absa renews PSL sponsorship

2012-08-08 12:35

Absa and the PSL have announced that an agreement has been signed that will extend Absa’s title sponsorship until 2017.

Absa warns on food security

2012-08-01 13:02

Absa's head of agribusiness has cautioned that the rise in agricultural commodity prices is posing a growing threat to food security.

Gordhan: Financial literacy important

2012-07-04 17:45

Becoming financially literate is important in today's world where financial institutions have turned into greedy monsters chasing profits, says Finance Minister Pravin Gordhan.

Absa stocks take a hammering

2012-06-28 11:17

Shares of Absa Group have tumbled more than 3%, extending losses for a third straight session and hitting their lowest level since November.

Payday blues as online users fume at Absa

2012-05-25 16:16

Hundreds of users have been left furious as Absa bank’s online and mobile systems failed to work on month-end.

Absa staff forced to quit, union claims

2012-05-10 21:55

Trade union Solidarity claims Absa employees are being forced to resign from the company in order to circumvent a mass retrenchment, while others were sent home for a three-month "gardening leave".

Absa sues Nedbank over Pinnacle trading

2012-01-12 16:05

Absa is taking Nedbank to court to recoup more than R700m losses relating to the trading of single stock futures in property firm Pinnacle Point.

Awards shortlist unveiled

2011-10-25 12:34

The Sport Industry Group have unveiled the official shortlist for the Virgin Active Sport Industry Awards 2012.

Analyst: Second recession not on horizon

2011-08-14 10:11

A senior analyst within the banking industry says South Africa could derive benefit from the global economic uncertainty arising from the debt crises in America and Europe.

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