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

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.


Absa Bank has announced the integration of its wealth, asset management, stockbroking and investment administration platforms into a single business.

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Absa announces new integration

2013-11-04 14:35

By means of its new integrated investment platform Absa wants to create a pan-African franchise.

Former Absa man convicted for theft of R15m

2013-10-28 20:07

A former Western Cape relationship manager at Barclays Wealth, a division of Absa, has been found guilty of 39 counts of theft involving R15m.

Balloon payments over-blown?

2013-09-27 11:01

Auto shows are a lot like sweet shops - you want everything you see. Just like the 2013 Johannesburg auto show, says WesBank's Chris de Kock with a serious warning on credit buying.

SA banks stable, despite headwinds

2013-09-18 16:22

The South African banking system remains stable, in spite of the challenging local and global economic climate, according to a report by PricewaterhouseCoopers.

Problem with Absa ODP Transact solved

2013-09-11 16:28

An outage in Absa ODP Transact has upset some Fin24 users, but according to the bank everything is back to normal again.

Marcus: R10bn Sassa tender is flawed

2013-09-10 12:42

The awarding of the five-year social grant tender by the SA Social Security Agency is fraught with irregularities, the Constitutional Court has heard.

The best value at your bank

2013-09-01 12:27

Have a look at which bank accounts offer the best value for an individual making about 29 transactions a month.

Banks must cut costs, urges union

2013-08-20 20:30

The banking sector needs a shake up in order for consumers to pay less charges, says trade union Solidarity.

Standard Bank intensifies push into Africa

2013-08-19 16:07

Standard Bank Group is setting up representative offices in Ethiopia and Ivory Coast, the lender's latest push into sub Saharan Africa, where it already has operations 18 countries.

Absa warns on loan income, earnings up

2013-07-30 08:03

Absa Group expects loan income to remain under pressure as demand for credit in South Africa stays weak, says chief executive Maria Ramos.

Absa gets final nod for R18.3bn deal

2013-07-22 10:58

Absa has received the regulatory approval to acquire Barclays's African operations, clearing the final hurdle in the deal worth R18.3bn.

How a provident fund is taxed

2013-06-28 08:21

A Fin24 user wonders whether he will be taxed on his provident fund, even though he has paid tax on his salary during his working life.


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.

Absa: Cheaper to buy an existing house

2013-11-05 15:49

Housing affordability has been relatively stable in the first half of 2013 and remains favourable compared with a few years ago, according to Absa's Housing Review.

Absa moves to be Africa’s ‘go-to’ bank

2013-11-04 18:04

Absa bank's new Wealth and Investment Management portfolio paves the way for a powerful pan-African franchise, says CEO Nomkhita Nqweni.

Fighting fraud with facts, awareness

2013-11-03 14:25

More than 900 organisations globally will promote anti-fraud awareness and prevention campaigns as International Fraud Awareness Week starts.

Absa Investments bets on retailers

2013-10-17 09:42

Absa Investments says it has singled out clothing retailers Mr Price and Woolworths and food retailer Shoprite as its preferred retail stocks.

Absa on US tapering and SA rates

2013-09-20 09:47

Absa's Chris Gilmour says while Ben Bernanke’s announcement is good news in the short term, it has less desirable connotations for the longer term.

Who paid Zuma's lawyer in R10bn grants tender?

2013-09-15 17:07

Corruption Watch is reportedly demanding answers about the role of President Jacob Zuma's lawyer Michael Hulley in a R10bn tender to distribute social grants.

AllPay suit: CPS partners weren't assessed

2013-09-10 15:40

The three partners of Cash Paymaster Services were not assessed in a R10bn social grant tender process, the Constitutional Court has heard.

R10bn Sassa tender goes to ConCourt

2013-09-08 17:53

The battle over a R10bn tender to distribute social and welfare grants, is set to reach its final round as the case heads to the Constitutional Court.

SA ETF now world's largest platinum fund

2013-08-30 07:40

Rand-denominated New Gold Platinum, a platinum exchange-traded fund operated by Absa Capital, has become the largest fund of its type in volume terms.

Bank charges a lot better - survey

2013-08-20 15:51

According to a research report the cheapest mainstream account in 2013 is Capitec's Global One Account, which cost consumers just over R50 a month.

Absa shares tank

2013-07-30 13:58

Investors have turned somewhat of a cold shoulder towards Absa, with the share price plunging nearly 6% in lunch time trade.

Coastal property prices rise

2013-07-26 19:05

Absa's latest housing review shows that house prices along KwaZulu-Natal's coast and around the Cape Peninsula have grown "relatively strongly" the past year.

Absa and Barclays clinch top accolade

2013-07-14 16:50

Absa and Barclays have scooped the ‘Best Debt House in Africa’ prize at an awards ceremony in London.

SIM swap gang strikes again

2013-06-14 15:07

A pensioner has become the latest in a string of victims to lose his money when the notorious SIM swap gang gained access to his Absa bank account.

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