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Absa, a leading financial services provider in Africa, opened a new art gallery on Thursday, 19 May 2022. Located at the Absa Head Office precinct, piazza of Towers Main in Johannesburg central business district, the Absa Art Gallery officially opened its doors with the first exhibition titled ‘Voices: Past and Present’.

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell sharply to 50.7 index points in April 2022.

Johannesburg, 13 April 2022: Proudly African bank Absa, in partnership with the South African National Association for the Visual Arts (SANAVA), officially opened applications for the 2022 Absa L’Atelier, inviting artists from across the African continent to enter.

The seasonally adjusted Absa Purchasing Managers’ Index (PMI)increased for a third consecutive month to reach 60.0 in March, up from 58.6 in February. The sustained improvement in the headline PMI bodes well for the continued recovery of the manufacturing sector after it was dealt a blow in the third quarter of last year. Indeed, the PMI suggests that the sector should record arobust quarterly expansion in the first quarter of this year.

Absa Group today announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately.

Absa Group headline earnings more than doubled to R18.6 billion in 2021, well in excess of 2019 earnings, as pre-provision profit increased.

Absa Group has signed agreements with the MEST in Ghana, the Cape Innovation and Technology Initiative (CiTi) and Grindstone in South Africa.

The Absa PMI recovered from December’s loss of momentum and rose to 57.1 index points in January 2022, following a dip to 54.1 in December 2021.

Proparco is granting Absa Bank Limited a $20 million loan, contributing its support plan for Corporate SMEs amid the continuing Covid-19 crisis.

Botswana Stock Exchange and Absa expand precious metal investing options on BSE by listing NewPalladium ETF. This after introducing the NewGold and NewPlat exchange-traded funds (ETFs) on the BSE.