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.

ConCourt upholds cost order against Mkhwebane, rules she was 'not honest' in Absa investigation

2019-07-22 10:17

The Constitutional Court has upheld the personal costs order against Public Protector Busisiwe Mkhwebane, saying her entire Absa/Bankorp investigation was flawed.

Constitutional Court to rule on Public Protector, SA Reserve Bank matter

2019-07-19 14:24

The Constitutional Court is set to rule in the matter between Public Protector Busisiwe Mkhwebane and the SA Reserve Bank, according to a tweet from the country’s apex court.

EFF rejects Maria Ramos appointment to PIC board

2019-07-11 10:35

The EFF have rejected the appointment of former Absa CEO to the PIC interim board, claiming she won’t be able to defend the interests of public servants.

Mkhwebane vs Reserve Bank: No sign of life at the ConCourt

2019-07-10 06:03

There are no signs the Constitutional Court is preparing to deliver judgment in the case between Public Protector Busisiwe Mkhwebane and the South African Reserve Bank in the Absa-Bankorp lifeboat matter.


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.

ConCourt to rule on personal cost order against Public Protector

2019-07-22 06:15

The apex court is set to rule on whether Public Protector Busiswe Mkhwebane should be held personally liable for a portion of the legal costs the SA Reserve Bank incurred to overturn the findings of her Absa/Bankorp report.

Absa job ad on notorious Facebook page is a scam

2019-07-11 10:39

A fake advert posted on the Facebook page 'Jobs learnership and bursary' claims Absa bank, one of South Africa's largest financial services organisations, is hiring.

ANALYSIS: Gordhan girds for war as he links Mkhwebane and the EFF to capture

2019-07-11 09:18

There is no coming back from Gordhan's accusations of Mkhwebane. He believes – and tells the court as much – that she is hell-bent on removing him from office and that the only beneficiaries of this will be those accused of corruption.

Mminele's Reserve Bank exit fuels talk of move to Absa’s top job

2019-06-27 14:48

South African Reserve Bank Deputy Governor Daniel Mminele will step down when his term ends Sunday, fueling speculation he is poised to take the top job at the country’s third-largest lender.

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