All the help South African banks are offering consumers due to Covid-19

2020-04-01 12:28

Most of the assistance comes in the form of a debt repayment holiday.

Lockdown | To take or not to take a payment holiday?

2020-03-31 05:00

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.

ANALYSIS | How banks were battered in 2019

2020-03-15 12:34

The Big Four banks grew earnings by 2.1% in the 2019 financial year, noticeably below the 8.7% they achieved in 2018.

Absa's numbers show it's regaining lost ground

2020-03-11 21:00

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.

Power-cut plans drag SA's factory sentiment to decade low

2020-03-02 11:52

Sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in February.

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.


Coronavirus | Manufacturing outlook at all-time low

2020-04-01 11:33

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 launches extensive coronavirus payment relief programme

2020-03-29 19:01

Absa announced on Sunday that it is introducing a comprehensive customer, business and corporate relief programme.

UPDATE: Contractor, quarantined staff cleared of coronavirus, says Absa

2020-03-13 08:49

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.

Absa grows profit by 3%, loans increased by 9%

2020-03-11 08:53

Its dividend is up only 1%.

#SheUntamed: Are you brave enough to clip in and take up the Epic challenge?

2020-02-17 12:09

Absa launches #SheUntamed ahead of the 2020 Absa Cape Epic.

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.

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