ARTICLES RELATING TO ABSA GROUP

Why execs go on sabbatical

2013-05-17 14:22

A sabbatical is a disciplined phase of self-discovery, renewal and enrichment, says an expert on news that Richemont’s Johann Rupert is taking a year off.

One-on-one, we don't stand a chance

2013-05-06 16:43

A Fin24 user who was defrauded of R29 000 from his Absa accounts makes an impassioned plea for properly researched and supported class action.

Fin24 users finger banks over fraud

2013-05-03 17:41

Fin24 users are up in arms after being scammed out of thousands from their bank accounts in cases often involving SIM swaps with Vodacom and MTN.

StanChart to buy Absa custody business

2013-04-18 09:31

Absa says it will sell its South African custody business to Standard Chartered, as the London-based lender steps up its presence in the continent's top economy.

Barclays, Absa's Africa deal gets the nod

2013-04-08 17:53

Restructuring at Absa, to acquire the bulk of the African operations of its parent company Barclays, has been approved by Finance Minister Pravin Gordhan.

10% of SA workforce now self-employed

2013-04-08 15:14

Self-employment is at its highest level since 2009 with 1.2 million self-employed business people, the Absa SME Index for South Africa shows.

Ramos' pay packet drops to R17m

2013-04-02 17:30

Absa CEO Maria Ramos' pay fell 19% to R16.7m compared to the previous year, as she decided to forfeit her bonus due to "disappointing" 2012 results.

PIC to back Absa-Barclays deal

2013-02-25 08:18

The Public Investment Corporation will vote in favour of Absa's plan to buy the African operations of its British parent Barclays, a report says.

Absa CEO to forgo bonus

2013-02-13 09:29

Absa Group CEO Maria Ramos will not receive a bonus this year as a result of the bank's poor performance, a report says.

Nedbank is SA's most expensive bank

2013-01-17 15:06
84 comments

Nedbank has again emerged as the most expensive bank in South Africa, an annual bank charges report shows.

Absa glitch behind Capitec chaos

2013-01-07 14:50
117 comments

Capitec Bank has confirmed that all transactions debited late on its clients’ accounts were made at Absa-supported card machines.

Barclays revamp could mean staff cuts

2012-11-30 14:25

Absa parent Barclays could axe 3 500 investment bank staff as part of a broader strategic review aimed at fixing the bank's culture in the wake of the financial crisis.

Absa voted tops for service

2012-10-10 10:58

Absa has been voted the best bank for customer service by consumers, according to an index.

Banks taken to task over repossessions

2012-08-17 15:04

An advocacy group has taken SA's big four banks as well as the Reserve Bank to the high court for a full investigation into the banking system.

'Probe into Absa takeover needed'

2012-07-17 08:18

President Jacob Zuma must appoint a commission of inquiry into Barclays' 2005 takeover of Absa and its link to the arms deal, activist Terry Crawford-Browne says.

Barclays scandal rattles global finance

2012-07-09 08:03

The Barclays rate-rigging scandal has sent shockwaves through world finance, putting ethics and regulation under scrutiny and raising the prospect of criminal charges.

Barclays selloff: 'Absa safe'

2012-07-06 12:48

Although a rate-rigging scandal puts the future of Absa parent Barclays on uncertain ground, a local analyst does not believe a breakup of the UK group is likely.

Gordhan lashes out at banks

2012-07-04 12:42

Finance Minister Pravin Gordhan has accused financial institutions of seeking to maximise profits at all costs, citing the latest Barclays scandal as an example.

Absa first-half earnings to fall 10%

2012-06-26 08:22

Absa Group says it expects to report a drop of up to 10% in first-half earnings, hit by an increase in bad loans and subdued revenue growth.

Directors blow investors' money

2012-04-29 12:13

A horrific tale has unfolded of how R1.15bn belonging to investors has apparently been plundered for personal gain by directors of various investment companies.

 

Absa eyes Africa's franchising potential

2013-05-10 15:49

Absa has beefed up its franchise unit to expand the franchising business format into Africa and to tap into the continent's new, fast growing consumer markets.

Easter Sunday SIM swap shock

2013-05-06 13:57

A Fin24 user who was told she had run up a bill equivalent to downloading 50-odd movies in a few hours is fed up with being ignored by corporates.

SIM swap bank fraud a major problem

2013-05-02 17:38

Neither banks nor cellphone service providers can be held responsible for losses due to SIM swap fraud because no one did anything wrong, says an expert.

Absa welcomes Barclays Africa deal nod

2013-04-09 13:21

Absa says the finance ministry's approval of the majority of Barclays Africa’s operations being combined with Absa is a milestone in its Africa strategy.

Franchise model has higher survival rate

2013-04-08 16:53

Franchises last longer and have a lower risk profile than the general business in South Africa, according to an index compiled by Absa.

Barclays‚ Absa deal still on track

2013-04-05 11:18

Absa says the transaction in which it would acquire Barclays' African assets remains subject to various conditions precedent‚ including regulatory approvals.

Wealth is in the home

2013-02-18 11:56

SA is heavily indebted and not saving - but you can break out of this negative trend by paying down your homeloan and buying your own financial future.

Absa extends trading hours

2012-12-14 11:55

Absa branches located within shopping malls will be offering extended trading hours over the festive season.

Absa, Barclays talks still under way

2012-10-22 07:52

Absa says discussions with Barclays are still in progress which, if successfully concluded‚ may have a material effect on the price of its shares.

Barclays may blend Africa ops with Absa

2012-08-21 08:46

Barclays says it is in talks about combining the majority of its African operations with its subsidiary Absa Group.

Absa profit down on bad debts

2012-07-27 07:45

Absa Group, South Africa's third-largest banking group, has reported an expected 6% drop in first-half earnings, hit by a spike in bad debts in its home loans business.

Former Barclays CEO foregoes bonus

2012-07-10 12:58

Absa parent Barclays says ex-Chief Executive Bob Diamond will forego his bonus this year and waive all of his unvested deferred bonus awards and long-term share awards.

Absa rivals to escape its debt woes

2012-07-06 15:04

Thanks to more prudent loan provisions, SA's big lenders such as Standard Bank are unlikely to be hit by the spike in bad debts that has plagued Absa Group.

Barclays gets Moody's debt downgrade

2012-07-05 09:48

Moody's has downgraded the debt rating outlook of Absa parent, Barclays', citing the resignations of senior executives in the wake of a rate-rigging scandal.

Absa feels Barclays' pain

2012-07-03 20:00

Absa is feeling the ripples from its parent company Barclays' recent troubles.

Absa plunges after profit warning

2012-06-26 09:22

Absa shares dropped nearly 7% to a five-month low after SA's largest retail bank warned half-year earnings would fall by as much as 10%.

Absa, Edcon in store card deal

2012-06-06 09:50

Absa will pay R10bn to buy the private label store card portfolio of clothing and footwear retailer Edcon, the companies say.

Absa denies mass layoff claims

2012-03-29 09:32

Absa has rubbished claims that it plans to slash 3 000 jobs, and says "there is no mass retrenchment being undertaken within the company".

Hard times over for SA's major banks

2012-03-11 15:31

After a couple of difficult years, SA's four big banks have again shown good growth in earnings and the sector is looking healthy.

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