ARTICLES RELATING TO ABSA

Building activity to remain subdued

2014-10-01 10:53

Residential building activity is expected to remain subdued and stay around the levels of the past 4½ years in the remainder of the year, says an expert.

Bank benefits lure clients - study

2014-09-24 14:15

Competition among banks has risen and some reward schemes on bank accounts seem to be of great benefit to clients, says Solidarity.

Big four banks performing well - PWC

2014-09-16 13:08

The four major banks in South Africa have posted combined headline earnings of R27.8bn, an increase of 13.1% in the six months ending June 2014, PwC says.

Absa: We do cover quake damage

2014-08-29 07:00

Absa says it covera damage caused by mine-related earth tremors and has received over 1 000 claims linked to the recent 5.5 magnitude earthquake.

What you need for a bond application

2014-08-26 16:48

A Fin24 user is saving to buy his first property and wants to know banks' criteria for successful bond applications.

Fitch leaves ratings downgrade unchanged

2014-08-22 13:40

The failure of African Bank would not see it lower its ratings for the five biggest SA banks as the likelihood of contagion is limited, says Fitch.

Banking downgrade piles on economic pain

2014-08-20 17:53

Moody's surprise downgrade of the country's four top banks has sent shares in the lenders lower and piled further pressure on the economy.

Moody's cuts ratings of four more top banks

2014-08-19 18:27

Moody's has downgraded the credit rating of Standard Bank, Absa, FNB and Nedbank after Capitec suffered the same fate.

Absa explains African Bank deductions

2014-08-18 17:33
100 comments

Absa clients have been surprised to find deductions from their money market savings accounts. Absa responds.

Wanted: More entrepreneurs in SA

2014-08-07 21:45

The Absa SME index declined to its lowest number in two years, with a total quarterly decrease of 2.2%

What is the prime interest rate?

2014-08-01 13:36

A Fin24 user wants to know more about what the prime interest rate is and how it is determined.

MTN named SA and Africa’s strongest brand

2014-07-23 21:22

South Africa’s top 50 brands gained 18% in value to R343bn from R291bn in 2013, with MTN winning the ultimate prize, according to a report by a global brand research company.

R699 car drivers moving forward

2014-07-13 11:50

Satinsky clients are taking action as information about the group’s undoing and possible fraud comes to light.

Get free petrol from your bank

2014-04-27 12:04

A quick survey of the large retail banks shows that motorists have to date received more than R300m worth of free petrol.

No need to worry over grant payments

2014-04-17 19:47

There will be no disruptions in the paying out of social welfare grants to more than ten million recipients, following a ruling of a R10bn tender by Sassa.

Tech driving new SA banking strategy

2014-04-08 11:32

The line between financial institutions and retailers is becoming thin as banks go on the charm offensive with technology rewards as a way to appeal to customers.

Consumer outlook impacts residential building

2014-03-21 17:29

Residential building activity will continue to be affected by household finances, property-investment sentiment and consumer confidence, says an expert.

Bank stops political party funding

2014-02-24 16:56

Absa has announced that it has stopped all political donations, a move which will have a negative impact on smaller political parties.

Impairments drop lifts Barclays Africa

2014-02-11 10:41

Barclays Africa Group has posted an expected 14% rise in full-year earnings, boosted chiefly by a drop in bad loan costs in its retail and commercial mortgages.

Boosting a retirement plan

2014-01-27 15:21

A Fin24 user wants to boost his retirement plan before he retires in about eight years' time.

House price growth continues to slow down

2014-01-16 19:30

Economic conditions in general and trends in household finances and consumer confidence have affected the property price growth, says an expert.

Flats, townhouses best sellers in 2013

2013-12-12 19:42

Smaller homes were the best performing residential property category in the first 10 months of the year, Absa's home loans division has said.

Upset about cession on loan agreement

2013-11-26 15:18

A Fin24 user has a problem with Absa's standard cession document relating to home loans and Absa responds to it.

Lid stays on residential building activity

2013-11-22 09:04

Residential building activity continues to be influenced by household finances and major economic trends, according to an expert.

Price of new homes hit average R1.8m

2013-11-07 16:16

The acceleration in the average price of a new house is related to the jump in building costs over the past three quarters compared with a year ago, according to Absa.

 

How others can help with first home

2014-10-01 10:49

Friends and family members can now help each other to access the property market through a new banking product.

No vehicle finance despite good credit rating

2014-09-16 16:26

A Fin24 user is baffled, because his application for vehicle finance was declined despite his good credit rating.

Household credit growth slows

2014-08-29 14:46

The year-on-year growth in outstanding credit balances within the household sector has slowed to 4.1% at the end of July, Absa says.

Insurers can reject quake damage pay-outs

2014-08-28 07:00

At least five insurers will not pay for damages to houses caused by the earthquake that hit the country if it has any links to mining, according to a study.

R699 scheme: Venter sues WesBank for R20bn

2014-08-24 11:48

The owner of Satinsky 128, the company taken to court over the R699 car sales scheme, wants to sue WesBank for R20bn.

S&P: No plans to downgrade SA banks

2014-08-21 11:58

Rating agency Standard & Poor's says it does not intend to downgrade SA's biggest lenders, easing concerns that Moody's cut could have a knock-on impact.

SA's banking sector is healthy - Sarb

2014-08-20 07:00

The South African Reserve Bank has disputed Moody's decision to downgrade Standard Bank, FirstRand, Absa and Nedbank and put them on review for further cuts.

Absa fund upgraded after dumping African Bank

2014-08-19 17:31

Fitch has upgraded the rating on an Absa money market fund and removed the fund from a negative ratings watch following Absa's removal of all Abil exposure.

Absa ditches African Bank investments

2014-08-15 20:50

Absa Bank says it has removed all African Bank Investments Limited investments from its Absa Money Market Fund to provide certainty and confidence to investors.

Fuel price to impact consumers' vehicle choices

2014-08-01 22:00

The current high fuel prices will keep consumers focused on buying more fuel efficient vehicles, say experts in their outlook for the auto industry.

Bank on a safe ride home

2014-07-25 15:03

It's pay day and to celebrate you go out for a few drinks with the mates. A few turns into a Tequila fest. What to do? Chances are, your bank will be able to help you.

A smart way to shop

2014-07-23 19:12

Consumers are winning big time with Absa and Pick n Pay's loyalty partnership, which offers something unique in terms of added value benefits.

'Stable' rise in certain home values

2014-06-06 08:46

The value of homes in the middle segment of the South African market has seen stable nominal year-on-year growth in May, says Absa

Minister cheers social grant ruling

2014-04-18 09:58

The social development minister says a ruling that social grant payments must continue shows the courts understand the role of grants in the lives of vulnerable people.

Absa ATM heist: 7 to appear in court

2014-04-10 17:30

Seven people, including a traditional healer who alleged provided muti to help evade arrest, will appear in court in connection with R4m stolen from 17 Absa ATMs.

Absa Bank to go into full digital mode

2014-04-03 17:22

Absa, wholly owned by Barclays Africa Group, is making the transition to a fully digital financial services provider.

Standard Bank to list first SA palladium ETF

2014-03-20 10:57

Standard Bank is set to list South Africa's first palladium-backed exchange-traded fund on the Johannesburg Stock Exchange on Monday.

House price growth still in single digits

2014-02-11 17:34

Nominal year-on-year growth in the average value of homes in the middle segment of the South African housing market remained in single digits, says an expert.

Slowdown in unsecured credit balances

2014-01-30 16:02

Growth in the value of household unsecured credit balances - general loans and advances, credit card debt and overdrafts - dropped further at the end of December.

Residential building activity under pressure

2014-01-17 09:17

Levels of residential building activity for new housing showed very little change in the first eleven months of 2013, according to an expert.

Small business trends for 2014

2014-01-02 12:13

An industry expert takes a look at positive developments in 2013, and what the SME sector can expect in the new year.

Bank targets Capitec customers

2013-12-02 16:57
106 comments

Barclays Africa Group, previously called Absa, plans to spend R1.2bn to win back "hundreds of thousands of customers" lost to Capitec Bank.

Absa, Investec best for service excellence

2013-11-26 14:36

Absa and Investec have been honoured by the banking ombudsman for dispute resolution and service excellence in South Africa.

Wallet nightmare: Which bank scores best

2013-11-19 07:14

How would your bank react if you suddenly find yourself without your bank cards? Adriaan Kruger canvassed a few banks to find out.

Barclays cuts jobs at private bank, call centre

2013-11-05 19:57

Barclays is slashing about 450 jobs in Britain as it axes a third of the private bankers who look after wealthy clients and closes one of its call centres.

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