Today, Absa, one of Africa’s largest diversified financial services groups, launches their UK office. Officially trading as Absa Securities UK, the move supports the group’s ambition to bring the world to Africa as the preferred corporate & investment banking partner between UK and European investors looking to do business in the continent’s growing economies.


3 September 2018

Absa August PMI

The deterioration was driven by sharp declines in the new sales orders index as well as the business activity index.

Absa Corporate and Investment Banking (CIB) has been part of the recently announced Vodacom YeboYethu BEE deal in which it acted as the sole financial advisor to JSE listed empowerment group YeboYethu.

Much has been said about the African growth story and the opportunity our continent presents. But the role of financial institutions in securing that growth cannot be underplayed.

Absa Group Limited reported an increase in earnings, revenue and dividend for the first half of 2018 today. The group reported its first set of financial results as `Absa Group’ after being renamed on 11 July this year as it separates from the international Barclays PLC group.

Absa Group Limited today reported good progress in positioning to deliver on the new corporate strategy it launched in March 2018. The group, previously known as Barclays Africa Group, reiterated its goal to double its share of banking revenues in Africa to 12%.

Absa ChatBanking on WhatsApp is an automated messaging system available to Absa account holders. It allows users to perform simple banking on the chat platform they prefer, using conversational language and short cut commands.

Absa Corporate and Investment Banking (CIB) has successfully closed debt financing worth R22 billion for 12 renewable energy projects as part of the Department of Energy’s latest bidding round under the renewable energy independent power producer programme (REIPPP).

The arrival of Samsung Pay gives Absa customers even more choice on how they can make payments. This is a secure, simple and convenient way to make mobile payments using compatible Samsung Galaxy smartphones.

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 51.5 index points in July, up from 47.9 in June. The recovery was driven by an improvement in demand, as reflected by the increase in the new sales orders index.