The index rose to 50.8 index points in February, up from 49.9 in January. The increase in the headline index was driven by solid improvements in the business activity and new sales orders indices, which together account for more than half of the PMI’s weight

Barclays Africa Group, one of the largest banking groups in Africa, released its first annual financial results since the successful conclusion of the reduction by Barclays PLC of its majority shareholding in Barclays Africa Group last year

Notice of transfer of insurance policies underwritten by Absa idirect, to Absa Insurance Company Limited (AIC).

The Court found that the remedial actions of the Public Protector “were a product of a procedurally unfair process and are unlawful” and “the process was not impartial”. We are pleased that the Court agreed with our argument with regards to the procedural fairness of the Public Protector’s process

The improvement was broad based with all five major subcomponents increasing compared to December. The business activity index recorded the biggest increase and rose by almost 10 points in January. This was supported by an improvement in demand as reflected by the rise in the new sales orders index.

Absa Insurance and Financial Advisors Proprietary Limited (AIFA) signed a deal to sell its face-to-face Personal Lines short-term insurance brokerage to PSG. PSG has a leading insurance brokerage in South Africa and is recognised for offering strong specialist skills countrywide.

Absa has received the Public Protector’s report on her investigation into the SA Reserve Bank’s assistance to Bankorp between 1985 and 1995.

Absa ramped up efforts to help mitigate the effects of the devastation caused by fire and floods in parts of the Western and Eastern Cape.

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) recovered most of April’s sharp losses in May 2017.