Partly cloudy. Mild.
Most of the assistance comes in the form of a debt repayment holiday.
Experts say if you can afford to continue repaying your debts, resist the temptation to take a payment holiday, even if you qualify for the relief.
The Big Four banks grew earnings by 2.1% in the 2019 financial year, noticeably below the 8.7% they achieved in 2018.
Absa said for the first time in years, its retail and business banking customers stabilised at 9.7 million, growth that had become distant memory to the bank as customer losses in the retail business persisted over the past few years.
Sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in February.
RCS has been given the go-ahead by the Competition Tribunal to acquire Edcon's book debt.
The Reserve Bank’s former second-in-command, Daniel Mminele, will have his work cut out for him when he takes office as the new CEO of Absa on January 15.
Absa has apologised to its customers after a digital banking glitch on its app and website, which occurred on Friday morning, raised their hackles.
According to Solidarity’s 10th annual bank charges report released on Tuesday, banks are now offering better benefits to their customers at lower prices to protect their market share, following fierce competition launched in the banking sector this year.
Absa’s corporate and investment banking unit plans to open an office in China as part of an expansion that will also target other parts of Asia and the Middle East.
An index tracking expected business conditions in 6 months’ time has fallen to below its lowest reading recorded during the 2008/09 global recession.
Absa announced on Sunday that it is introducing a comprehensive customer, business and corporate relief programme.
Absa introduced precautionary measures to prevent the spread of Covid-19 at its headquarters in Johannesburg, after a contractor from Spain displayed "flu-like" symptoms.
Its dividend is up only 1%.
Absa launches #SheUntamed ahead of the 2020 Absa Cape Epic.
Absa Group has entered into an agreement with the Multilateral Investment Guarantee Agency to bolster the bank’s lending capacity in Ghana, Kenya, Mauritius, Mozambique, Seychelles, Uganda and Zambia.
First it was price. But now banks want to outdo their peers in digital capabilities.
Absa has put forward one of its long-standing female executives, Cheryl Buss, to lead its recently-established international unit as it expands its global footprint beyond the UK.
Absa bought the card portfolio for R10bn in 2012
South African factory output shrank for a third straight month in August.
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