Absa Group Ltd (ABGJ.J)

ABGJ.J on Johannesburg Stock Exchange

23 Aug 2019
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Tue, Aug 13 2019

UPDATE 2-Absa's profit rise clouded by mixed results underneath

* H1 headline earnings per share 918.4 cents vs 877.8 last year

South Africa's Absa PMI expands for first time in 7 months

JOHANNESBURG, Aug 1 South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) moved into expansion for the first time in seven months in July, as improved demand saw sales and business activity improve, the survey showed on Thursday.

South Africa's Absa PMI drops in May

JOHANNESBURG, June 3 South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) for May fell as business activity and new sales orders declined, the survey showed on Monday.

South Africa's PIC denies considering ex-Absa executive as next CEO

JOHANNESBURG, April 18 South Africa's state pension fund denied considering a former banking executive as its next chief executive as it seeks to fill a position which has become increasingly sensitive given the successive departures of its CEO and temporary replacement.

Absa sees Nigeria expansion plan ready for second half

JOHANNESBURG, April 10 South African lender Absa is aiming to make a start on its investment bank-focused expansion into Nigeria in the second half of this year, chief executive of the division, Charles Russon, told Reuters.

UPDATE 2-South African bank Absa considers Ethiopian entry over time

JOHANNESBURG, March 11 South Africa's Absa is considering entering Ethiopia, where lenders are hoping reformist Prime Minister Abiy Ahmed will liberalise an antiquated and state-dominated banking sector.

South African bank Absa could cut hundreds of jobs, union says

JOHANNESBURG, March 7 South African bank Absa could cut hundreds of jobs at its retail and business banking unit as part of a planned restructuring, a union representing workers in the financial sector said on Thursday.

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