JSE falls as global stock rout continues

2018-10-11 18:36

Following a tech led sell-off in the USA on Wednesday, Asian markets slumped in Thursday’s trading which saw the Shanghai Composite Index fall 4.8%, while the Hang Seng and Nikkei lost 3.54% and 3.89% respectively.

#StateCaptureInquiry: Absa also refused to meet with Cabinet ministers over Gupta accounts

2018-09-18 18:47

Absa has been the third bank to testify at the inquiry headed by Deputy Chief Justice Raymond Zondo after Standard Bank and FNB.

Absa opens UK office, hopes to profit from post-Brexit trade in Africa

2018-09-13 13:55

The bank says the move will make it easier for UK companies to do business in Africa after the UK leaves the EU.

Absa tried to hit back at Nando’s – and now it is taking pain from competitors about its fees

2018-09-06 17:22

It's now basically a war between banks, triggered by a chicken restaurant.

Modest uptick for consumer credit in July

2018-08-30 19:58

While household credit growth has been on an upward trajectory, it remains weak in historical terms, says Investec economist Lara Hodes.

Nearly half of SA's debt from top creditors 'appears reckless'

2018-08-27 17:14

Some 40% of the credit provided by the country's top 10 credit providers appears to be reckless, a new survey has found.

Standard Bank clients can now get free coffee and burgers if they tap their Samsungs to pay at tills

2018-08-10 16:36

Standard Bank is the second bank in SA after Absa to offer Samsung Pay, and it is offering incentives – including the chance to win a high-end cellphone – for using it.

SA banks set to show malaise gripping economy

2018-08-03 09:46

South African banks face another wasted year for earnings growth, as the euphoria that greeted Cyril Ramaphosa’s ascendancy to the presidency fades.

You can turn your teller into a pirate, and other cool hacks on Absa’s new WhatsApp banking

2018-08-01 18:41

Here is how you can do your banking on WhatsApp with Absa.

ABSA reboots image as Barclays ends 100-year history in Africa

2018-07-11 09:41

Barclays Africa has ditched the name of its former parent to revert to ABSA after the British bank sold down the controlling stake it bought in 2005.

 

Lenders give Steinhoff's Jooste more time to pay up

2018-09-25 17:55

Banks granted Steinhoff's former CEO, Markus Jooste, another extension to pay back his debt, as the global retailer that he headed struggles to survive an major accounting scandal.

Banks to continue testifying at State Capture Inquiry

2018-09-18 08:49

The Commission of Inquiry into State Capture will continue hearing evidence from major South African banks about how and why they cut ties with Gupta-linked companies.

Big SA banks stay resilient despite economic headwinds - PwC report

2018-09-10 19:34

PwC's analysis has found that the major banks have continued to spend considerable time and cost on their digital strategies, while enhancing loyalty programmes to attract a greater share of the "customer wallet".

Nando's just burned Absa with a hilarious ad featuring hyenas and burning TVs

2018-09-03 14:26

'Africanacity' has turned 'African-nasti' in the new Nando's ad.

Banks weigh new fund to boost black farm ownership

2018-08-29 10:22

Banks are in talks to start a joint fund that could be used to accelerate the transfer of land to black people as they seek to protect billions of rand in assets tied up in farm loans.

Unshackled from Barclays, Absa investment bank chases growth

2018-08-21 15:59

Absa’s corporate and investment banking unit is targeting new African markets in a bid to boost earnings and deliver on CEO Maria Ramos’ mission to reboot the lender.

Absa revenue slightly up, CEO optimistic after Barclays exit

2018-08-06 10:55

Absa raised revenue by 3% to R37bn in the first half of the year, with CEO Maria Ramos saying the banking group was now free to set its own risk appetite following its separation from Barclays.

South Africans may soon be able to pay bills, buy clothes and get flight tickets through WhatsApp - here’s how it’ll work

2018-08-02 13:09

Absa was the first South African bank to launch a WhatsApp banking service.

ConCourt grants Mkhwebane direct access to appeal personal costs order

2018-07-24 10:04

The Constitutional Court has granted Public Protector Busisiwe Mkhwebane direct access to challenge the constitutionality of the personal costs order made against her.

Outlook bleak for manufacturing sector as June PMI slumps

2018-07-02 12:17

The BER/Absa Purchasing Managers’ Index came in weaker than expected in June, losing 1.9 points to reach 47.9, down from 49.8 points in May.

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