Competition Tribunal gives Absa, Société Générale deal the nod

2019-06-12 19:04

The Competition Tribunal has approved, without conditions, a large merger that will see Absa acquiring target assets from Société Générale.

EXCLUSIVE: Organised crime behind massive R1.6bn debit order scam

2019-06-02 07:29

An extensive investigation into illegal debit order scams involving the country’s major commercial banks has revealed the existence of organised crime syndicates seemingly operating on a massive scale.

Iconic Cape Town CBD building being redeveloped for mixed use

2019-05-15 19:23

An iconic skyscraper in Cape Town's central business district, dating from the 1970s, is being redeveloped into a mixed-use building.

Armed robbery of Johannesburg bankers spurs security guard boom

2019-05-07 08:32

Lenders are stepping up security after the closure of parts of the M2 freeway diverted traffic through the central business district.

SA banks compete with free burgers, petrol and hip-hop

2019-04-24 07:38

From free burgers and ride-hailing services to hip-hop concerts and discounted petrol: South African banks are going all out to win customers as competition hots up.

Physical stores are not dead, but boring retail is - Google exec

2019-04-05 12:59

Physical stores are not dead, but "boring retail" is dead, according to Google's head of retail business in South Africa.

African Bank is being beaten back into shape with digital plan

2019-03-25 07:22

African Bank Holdings is joining the rush into digital banking to fail-proof the business and provide an exit for shareholders that resurrected the lender from its collapsed former parent.

Sifiso Skenjana: Standard Bank, SABC and more – why SA must mind the labour force gap

2019-03-19 06:00

Standard Bank and ABSA are not alone in facing possible retrenchments, and SA must plan its response, says Sifiso Skenjana.

Absa sees revenue growth overtaking costs in 2019

2019-03-11 08:30

South Africa’s third-largest lender, is forecasting that its revenue growth in 2019 will outpace that of cost increases after slower economic growth and a battered consumer weighed on its ability to generate income.

Bosasa goes bust as state capture inquiry lifts lid on bribery, corruption

2019-02-18 14:00

FNB and Absa have informed facilities management group Bosasa that their accounts would be closed, following the arrests of company execs and correctional services officials in the wake of state capture revelations at the Zondo commission.


Absa separation from Barclays on track for completion in 2020

2019-06-08 14:19

Absa's programme to separate from Barclays is 69% complete and 184 of the 266 projects have already been delivered, two years into the three-year programme.

Competition Commission recommends go-ahead for Absa, Société Générale deal

2019-05-31 11:10

The Competition Commission has recommended to the Competition Tribunal that it give the green light to a proposed merger that will see Absa acquiring target assets from Société Générale.

Property market sentiment down over land reform concerns, poor economy, policy uncertainty - index

2019-05-12 12:38

Property market sentiment was down over a wide front in the first quarter of 2019, according to Jacques du Toit, property analyst at Absa Home Loans.

Lack of load shedding signals positive outlook for business - index

2019-05-02 11:09

The Absa Purchasing Manager's Index for April 2019 rose 2.2 points to 47.2, the first increase following three months of decline.

2 out of 3 South African consumers participated in Black Friday - consumer expert

2019-04-08 19:52

Data shows that 2 out of 3 South African consumers have participated in Black Friday shopping at some point, says a consumer goods and services expert at ABSA.

Optimism about future SA business conditions declines again - index

2019-04-01 12:24

For the second month in a row, respondents to the Absa Purchasing Managers' Index have scaled back their optimism about future business conditions.

SA could hold the key to an energy game changer

2019-03-20 06:30

SA holds two-thirds of the power generation capacity in sub-Saharan Africa and it has abundant resources – including a key component required for a potential game changer in Africa's energy landscape. But it needs to align its focus with what investors want, says Bhavtik Vallabhjee.

Absa separation from Barclays going well – finance director

2019-03-11 16:17

Absa Group's separation from UK-based Barclays has been progressing well, Jason Quinn, Absa Group Financial Director has said.

Hundreds of jobs at risk as Absa revamps retail bank

2019-03-07 07:42

Absa Group is restructuring its South African retail and business banking unit within months of reducing the division’s management team and rolling out a new strategy.

FNB, Absa close Bosasa bank accounts

2019-02-18 09:20

FNB and Absa have informed beleaguered facilities management group Bosasa that their bank accounts will be closed, as they turn against another company implicated in state capture.

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