Absa releases report showing softening of economy in SA

ABSA’S Economic Activity Tracker report, released on Friday, said surveyed data were generally softening even before the recent riots and looting. Footfall in grocery retailers, pharmacies and “other” retail establishments slumped in the week to the end of July 9...

Absa to sell asset management unit to Sanlam?

A deal by South Africa’s banking conglomerate Absa to offload its Asset Management Unit to Sanlam hinted at this week could create a R900 billion mammoth to chafe the heels of the Public Investment Corporation. There were no confirmations of the deal by either...

FSCA imposes administrative penalty on Absa Bank

The Financial Sector Conduct Authority (Authority) has imposed an administrative penalty of R100 000 on Absa Bank Limited Over the Counter Derivatives Provider (ODP) after it failed to meet a licence condition. FSCA said the penalty was payable within 30 days from the...

Absa implements finance and procurement programme

A programme to transform Absa’s finance and procurement processes as part of its digitisation journey has made significant progress as its Kenyan operations switched to an integrated, fully cloud-based solution last month. The programme will go live in South Africa...
error: Content is protected