We have agreed to acquire Societe Generale’s derivatives clearing, custody and trustee services business in South Africa, subject to regulatory approvals. We have signed a memorandum of understanding to cooperate in offering services to clients in 27 countries in Africa.
Absa Group recognizes the legacy of the past and the need to address inequalities in our country. As a responsible corporate citizen, we are fully supportive of land policy and legislation that fulfils the intent of our Constitution and address the need for land among many South Africans. Our position is that this must be done in a manner that balances the needs of current and future private land owners, Communities, beneficiaries, government, the financial sector as well as its stakeholders. Absa has therefore identified five key areas through which it can make a meaningful contribution towards a sustainable land reform agenda...
Absa Group Limited today announces the appointment of Charles Russon as the new Chief Executive Officer (CEO) of Corporate and Investment Banking, and Paul O’Flaherty as Chief Executive: Engineering Services. Both appointments are effective 5 November 2018.
1 November 2018
Five things Absa learnt as the first large corporate to adopt the africa domain
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%.
24 October 2018
Introducing a new and unconventional way to open an account
We live in an increasingly digital and inter-connected world, driven in large part by a collective reliance on mobile phone technology. In South Africa, 38 million of us are mobile users. That is over half the country: 67 percent if we want to be precise.
12 October 2018
The Money Makeover Challenge in partnership City Press
Following the successful 2017 Money Makeover Challenge which changed the lives of six ordinary South Africans forever, City Press and Absa will be launching the 2018 Money Makeover Challenge with six new contestants on Sunday 14 October 2018.
The country no longer tops the index across all six pillars as it did in 2017, having been overtaken by Kenya on ‘access to foreign exchange’ and by Nigeria in ‘market transparency, tax and regulatory environment’. Nigeria is a new entrant to the top five, as a result of Namibia falling to sixth place from fourth this year.