RCS gets green light to take over Edcon loan book

2020-01-15 17:50

RCS has been given the go-ahead by the Competition Tribunal to acquire Edcon's book debt.

Absa's new boss faces tough fight to win back business

2020-01-07 12:46

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 apologises for digital banking fiasco but customers are not impressed

2019-12-20 20:24

Absa has apologised to its customers after a digital banking glitch on its app and website, which occurred on Friday morning, raised their hackles.

Consumers win as disruptors force banks to lower fees

2019-12-03 17:11

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 plans China office in Asia investment banking expansion

2019-10-11 11:17

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.

Absa receives Fed go-ahead to set up New York representative office

2019-10-07 16:44

Absa says the establishment of a representative office would mean it has an independent presence in the US following its separation from Barclays.

Court stops banking strike, Cosatu warns workers shouldn't risk their jobs by staying away

2019-09-26 10:12

Banking union Sasbo has been interdicted from proceeding with what would have been the biggest banking strike in 99 years.

Pretoria bank bomb threat: Former Scorpions investigator tells court he wants to plead guilty

2019-09-19 11:26

The man arrested for trying to rob a bank in a Pretoria shopping centre has said that he wants to plead guilty.

SA must brace for more hikes in taxes, electricity tariffs - economist

2019-08-22 09:36

The challenge posed by heavily indebted Eskom means that SA taxpayers must brace for higher taxes and further electricity price hikes, says Absa's Group chief economist.

Public Protector 'touched' by fundraising initiative to help pay costs

2019-08-06 17:03

Democracy in Action, a civil society organisation, is raising funds on a crowdfunding website to cover the bill that Public Protector Busisiwe Mkhwebane will have to pay following a damning Constitutional Court judgment last month.


Absa signs R7bn deal to boost lending in Africa

2020-01-07 14:18

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.

SA's banks: What to watch out for in 2020 as digital rivalries ramp up

2019-12-27 13:23

First it was price. But now banks want to outdo their peers in digital capabilities.

Absa appoints Cheryl Buss to head up international unit

2019-12-11 18:38

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 sells Edgars store cards to RCS

2019-10-28 19:55

Absa bought the card portfolio for R10bn in 2012

Manufacturing contracts for the third straight month in August

2019-10-10 14:51

South African factory output shrank for a third straight month in August.

SA factory sentiment at decade low - and may get worse

2019-10-01 13:54

A gauge measuring sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in September and it will probably get worse.

Court can stop bank strike on Wednesday

2019-09-23 15:36

Business Unity South Africa, representing SA's major banks, has filed a court application to interdict a planned bank strike.

More SA companies expect a downturn in coming months - survey

2019-09-02 11:28

The Absa Purchasing Manager's Index declined from 52.1 in July to 45.7 index points in August.

Absa posts half-year earnings growth of 3%

2019-08-13 08:07

Absa has posted earnings growth of 3% for the first half of 2019, it was bolstered mainly by its South African retail and business banking unit.

SA factory sentiment jumps to 3 year high - but may not last

2019-08-01 12:25

The jump to a three-year high in a gauge measuring sentiment in South Africa’s manufacturing industry may not be sustainable.

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