Absa Bank Teams Up With Salesforce
Absa (JO:ABGJ) Bank has signed a long-term contract with Salesforce (NYSE:CRM), a global leader in customer relationship management (CRM) solutions, to “bring about a step-change in...
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Absa Bank News & Analysis
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Absa Bank Teams Up With Salesforce
Absa Bank has signed a long-term contract with Salesforce, a global leader in customer relationship management (CRM) solutions, to “bring about a step-change in servicing individual and...
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Absa removes Sipho Pityana as a director of Absa Group and Absa Bank with immediate effect
Move follows earlier decision to remove him as lead independent director and chairman of the remuneration committee.
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The escalating woes at Absa as Pityana removed as lead independent director
The announcement comes after Pityana cited the bank as respondent in his case against the Prudential Authority, which he says violated procedure in denying him chairmanship of the...
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BRIEF-Absa Bank Says FY IFRS Diluted HEPS 312.5 Cents
March 15 (Reuters) - Absa (JO:ABGJ) Bank Ltd ABSPp.J :* ABSA BANK LTD - FY TOTAL INCOME ON IFRS BASIS R53 687 MILLION VERSUS R 52 757 MILLION YEAR AGO* ABSA BANK LTD - FY IFRS DILUTED HEPS...
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BRIEF-Absa Bank Announces Chairman Succession Planning
Oct 9 (Reuters) - Absa (JO:ABGJ) Bank Ltd ABSPp.J :* ABSA BANK - COMMENCED SUCCESSION PROCESS TO ENSURE ORDERLY TRANSITION WHEN TERM OF CURRENT CHAIRMAN, WENDY LUCAS-BULL EXPIRES* ABSA BANK...
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Britain's CDC adds $400 mln of investments in Africa push
LONDON, Jan 20 (Reuters) - UK government-owned finance agency the CDC Group has signed $400 million worth of African investment deals, part of a wider drive by Britain to develop new trade...
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BRIEF-Absa Bank Says Aaron Daniel Mminele Will Join Absa Group And Absa Bank As Group Chief Executive
Jan 6 (Reuters) - Absa (JO:ABGJ) Bank Ltd ABSPp.J :* ABSA BANK LTD - AARON DANIEL MMINELE WILL JOIN ABSA GROUP AND ABSA BANK AS GROUP CHIEF EXECUTIVE* ABSA BANK LTD - RENÉ VAN WYK, ABSA...
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CORRECTED-Absa concludes $500 million loan
(Corrects JUNE 28 story to read "margin of 1.05%", paragraph 7)JOHANNESBURG, June 28 (Reuters) - South African lender Absa (JO:ABGJ) Bank ABSPp.J , along with U.S based Bank of...
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BRIEF-Absa Bank FY HEPS 1751.7 Cents
March 11 (Reuters) - Absa (JO:ABGJ) Bank Ltd ABSPp.J :* FY HEPS 1 751.7 CENTS* FY DILUTED BASIC EARNINGS PER ORDINARY SHARE 1 668.7 CENTS* FY NET INTEREST INCOME R29 952 MILLION VERSUS R29...
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BRIEF-Absa Bank Appoints René Van Wyk As Group, Bank Interim CEO From March 1
Jan 29 (Reuters) - Absa (JO:ABGJ) Bank Ltd ABSPp.J :* ABSA BANK LTD - APPOINTMENT OF INTERIM CHIEF EXECUTIVE AND CHANGE TO ABSA GROUP AND ABSA BANK BOARDS* ABSA BANK LTD - MARIA RAMOS WILL...
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Message service Clickatell considers IPO to fund expansion -CEO
* Expects 2018 revenue growth of more than 30 pct* Company rolling out mobile banking via WhatsApp in AfricaBy Joe BavierJOHANNESBURG, Dec 4 (Reuters) - Clickatell, which helps companies...
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BRIEF-ABSA Says Charles Russon Appointed CEO, Corporate And Investment Bank
Nov 5 (Reuters) - Absa (JO:ABGJ) Bank Ltd ABSPp.J :* ABSA BANK LTD - ABG - ABSP - EXECUTIVE APPOINTMENTS AND CHANGE TO ABSA GROUP AND ABSA BANK BOARDS* ABSA BANK - CHARLES RUSSON APPOINTED...
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South Africa launches electronic trading platform for government bonds
JOHANNESBURG, Aug 29 (Reuters) - The Johannesburg Stock Exchange JSEJ.J (JSE) and the London Stock Exchange LSE.L launched the country's first electronic government bond trading...
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South Africa's new coal-fired plants must have emissions technology
* New coal plants must have emissions-reducing tech* Environmentalists want privately built plants halted* Banks are wary of regulatory issuesBy Wendell RoelfCAPE TOWN, Aug 21 (Reuters) -...
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BRIEF-Absa Bank Says Mohamed Husain Appointed As Lead Independent Director Of Group, Bank Boards
May 31 (Reuters) - Absa Bank Ltd ABSPp.J :* MOHAMED HUSAIN HAS BEEN APPOINTED AS LEAD INDEPENDENT DIRECTOR OF BOTH GROUP AND ABSA BANK BOARDS WITH EFFECT FROM 1 JUNE 2018* MOHAMED WILL BE...
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BRIEF-Absa says Barclays Africa has withdrawn Ordinary Resolution dealing with re-appointment of KPMG from consideration at AGM
May 3 (Reuters) - Absa Bank Ltd ABSPp.J : * BARCLAYS AFRICA WITHDRAWN RESOLUTION DEALING WITH RE-APPOINTMENT OF KPMG FROM CONSIDERATION AT AGM TO BE HELD ON TUESDAY, 15 MAY * APPOINTMENT...
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Steinhoff's former CEO Jooste gets creditor reprieve
CAPE TOWN, April 25 (Reuters) - The former chief executive of crisis-hit retailer Steinhoff SNHJ.J has agreed to settle a $120 million civil claim against his company by three lenders by...
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South African bank Absa denies being liable for damages over Steinhoff
JOHANNESBURG, April 19 (Reuters) - South Africa's Absa Bank ABSPp.J denied on Thursday it was liable for damages incurred by Steinhoff International SNHJ.J investors after shareholder...
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BRIEF-Absa Bank Says Received Notice From VEB On April 19
April 19 (Reuters) - Absa Bank Ltd ABSPp.J :* ABSA BANK LTD - ABSA RECEIVED A NOTICE FROM VEB ON AFTERNOON OF THURSDAY, 19 APRIL 2018* ABSA BANK LTD - NO NOTICE WAS SENT TO ABSA PRIOR TO...
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BRIEF-Absa Bank Says Its Role Was Limited To Ensuring Compliance Of JSE's Listing Rules By Steinhoff
April 19 (Reuters) - Absa Bank Ltd ABSPp.J :* ABSA BANK STATEMENT ON VEB* NOTED PRESS REPORTS THAT VEB INDICATED IT NOTIFIED ABSA, 2 OTHER BANKS IT IS HOLDING THEM LIABLE FOR LOSSES...
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Shareholder group VEB plans lawsuit against three banks over Steinhoff - FT
April 18 (Reuters) - A Dutch shareholder group has given notice that it plans to file a class action lawsuit against Barclays Plc BARC.L , Commerzbank AG CBKG.DE and Absa Bank Ltd...
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BRIEF-Absa Banks Says New Structure Will Consist Of 4 Businesses
April 9 (Reuters) - Absa Bank Ltd ABSPp.J : * CHANGES TO GROUP STRUCTURE AND MANAGEMENT * SOUTH AFRICA BANKING WILL CEASE TO BE A MANAGEMENT OR REPORTING SEGMENT * DAVID HODNETT,...
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BRIEF-Absa Bank Says Barclays Separation Process Will Have Impact On Financial Results For Next Few Years
March 1 (Reuters) - Absa Bank Ltd ABSPp.J :* PROCESS OF BARCLAYS PLC SEPARATION OF WILL HAVE AN IMPACTONABSA'S FINANCIAL RESULTS FOR NEXT FEW...
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BRIEF-Absa Bank Says High Court Sets Aside Public Protector's Remedial Actions
Feb 19 (Reuters) - Absa Bank Ltd ABSPp.J : * HIGH COURT SETS ASIDE PUBLIC PROTECTOR'S REMEDIAL ACTIONS * HIGH COURT FOUND IN ABSA'S FAVOUR BY SETTING ASIDE PUBLIC PROTECTOR'S REMEDIAL...
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BRIEF-Distribution and Warehousing Network updates on condonation of bank covenant breach
Oct 27 (Reuters) - Absa Bank Ltd ABSPp.J* GETS FORMAL CONDONATION FROM ABSA BANK ON BREACH AT SEPT 2017 MEASUREMENT DATE OF ONE OF FINANCIAL COVENANTS* CONDONATION OBTAINED FROM ABSA...
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BRIEF-Absa Bank files supplementary affidavit to challenge public protector's report
Sept 14 (Reuters) - ABSA BANK LTD ABSPp.J :* ABSA FILES SUPPLEMENTARY AFFIDAVIT TO CHALLENGE PUBLIC PROTECTOR'S REPORT* FILED SUPPLEMENTARY AFFIDAVIT TO HIGH COURT IN ITS CASE TO HAVE...
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BRIEF-Absa Bank upsizes Harmony Gold's existing $250 mln debt
Aug 18 (Reuters) - Absa Bank Ltd ABSPp.J : * ABSA BANK - SUCCESSFULLY REFINANCED AND UPSIZED HARMONY GOLD LIMITED'S EXISTING USD 250,000,000 TERM DEBT TO A 3 YEAR USD 350,000,000...
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BRIEF-Absa Bank says half-year diluted HEPS at 109.4 cents
July 28 (Reuters) - Absa Bank Ltd ABSPp.J : * Based on current requirements of basel iii, expected increase in accounting impairment provision would reduce common equity tier 1 (cet1)...
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BRIEF-Absa Bank launches high court application to review, set aside public protector's report
July 13 (Reuters) - Absa Bank Ltd ABSPp.J* Absa launches high court application to review and set aside public protector's report* Issued its application to high court for review and...
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BRIEF-Absa Bank says redeemed 2,000,000 U.S. dollar notes
July 5 (Reuters) - Absa Bank Ltd ABSPp.J * Has redeemed 2,000,000 USD notes * From commencement of business today USD notes will be de-listed from exchange traded note sub-sector of main...
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South Africa's Absa Bank to challenge anti-graft report
JOHANNESBURG, June 30 (Reuters) - South Africa's Absa Bank ABSPp.J , one of the country's largest financial groups, said on Friday it would go to court to challenge a report by the...
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BRIEF-Absa Bank to approach High Court to have public protector report reviewed
June 30 (Reuters) - Absa Bank Ltd ABSPp.J :* Decided to approach the high court in order to have the report of the public protector that was released on Monday 19 June 2017 reviewed and...
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UPDATE 1-South Africa in talks to roll over $695 mln of state airline debt
(Adds quote, SAA) CAPE TOWN, June 27 (Reuters) - South Africa's Treasury is in talks with banks to roll over 9 billion rand ($695 million) in debt due to be paid this month by struggling...
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BRIEF-Absa says public protector's recommended amendments pose risk to financial system
June 21 (Reuters) - Absa Bank Ltd ABSPp.J : * Advised that "public protector act does not empower public protector to direct that constitutional amendments be made" * "Recommended...
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BRIEF-Absa to approach high court to review public protector's report
June 21 (Reuters) - Absa Bank Ltd ABSPp.J : * Public protector released report on Monday on investigation into assistance provided by South African Reserve Bank to Bankorp between...
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BRIEF-ABSA Bank says met all obligations in S.Africa reserve bank loan
June 19 (Reuters) - ABSA Bank Ltd ABSPp.J :* Received public protector's report on her investigation into SA Reserve Bank's assistance to Bankorp between 1985 and 1995* Currently...
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BRIEF-ABSA Bank responds to public protector's press conference
June 19 (Reuters) - ABSA Bank Ltd ABSPp.J : * Statement in response to public protector's press conference * Have not yet received copy of report of public protector's statement; will...
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UPDATE 1-South African banks and insurers downgraded by Moody's
(Adds insurers) JOHANNESBURG, June 12 (Reuters) - Ratings agency Moody's has downgraded five of South Africa's largest banks and four insurers with a negative outlook after the country's...
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South Africa's five largest banks downgraded by Moody's
JOHANNESBURG, June 12 (Reuters) - Ratings agency Moody's has downgraded five of South Africa's largest banks to Baa3 with a negative outlook after the country's credit rating was downgraded...
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BRIEF-Absa Bank comments on hiked dividend withholding tax
Feb 24 (Reuters) - Absa Bank Ltd ABSPp.J :* Dividend announced on Feb. 23 will now be subject to dividends withholding tax at a rate of 20 pct, up from 15 pct Source text for Eikon:...
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BRIEF-Absa Bank reports FY HEPS of 2340.9 cents
Feb 23 (Reuters) - Absa Bank Ltd ABSPp.J * Fy headline earnings per ordinary share 2340.9 cents * Fy revenue 48,801 mln rand versus 46,076 million rand Source text for Eikon:...
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BRIEF-Absa Bank says non-exec director to delay departure
Nov 8 (Reuters) - Absa Bank Ltd ABSPp.J : * Trevor Munday to delay departure as non-executive director * In light of announcement by Barclays (LON:BARC) Plc of intention to sell down...
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BRIEF-West International continues deliveries to ABSA Bank
Sept 13 (Reuters) - West International AB (publ) WINT.ST : * Continues deliveries to ABSA Bank ABSPp.J * Order value is 6 million Swedish crowns ($706,581) * Deliveries are to be carried...
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BRIEF-Absa Bank says Jason Quinn appointed Barclays Africa financial director
Aug 15 (Reuters) - Absa Bank Ltd ABSPp.J * Appointment of group financial director * Jason Quinn has been appointed Barclays (LON:BARC) Africa Group financial director and financial...
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BRIEF-Absa Bank six-month HEPS falls
July 29 (Reuters) - Absa Bank Ltd ABSPp.J : * Revenue 24,467 million rand for reporting period ended 30 June 2016 versus 22,391 million rand * Headline earnings per ordinary share at 1...
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South Africa's cement maker PPC secures guarantee for planned rights issue
JOHANNESBURG, June 27 (Reuters) - South Africa's biggest cement maker PPC PPCJ.J said on Monday that four banks have agreed to underwrite its planned 4 billion rand ($260 million)...
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