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absa south africa

General

South Africa’s Manufacturing Sector is Shaken, says Absa

Luis Monzon -
Confidence levels across the manufacturing sector in South Africa dropped 14 points to 29 in the second quarter, according to the latest Absa Manufacturing survey. “After a fairly upbeat set of results in the first quarter of 2022, additional headwinds...
Company News

Absa Signs 3 New Deals to Support Africa’s Growing Tech Space

Luis Monzon -
South Africa's Absa Group, one of the country's Big Four lenders, has signed agreements with the Meltwater Entrepreneurial School of Technology (MEST) in Ghana, the Cape Innovation and Technology Initiative (CiTi) and Grindstone in South Africa in efforts support...
Cloud Computing

Absa Brings Cloud Computing Skills to Thousands Across Africa

Luis Monzon -
Absa Group says that it is set to exceed its goal of equipping 1,500 staff members across Africa with cloud-computing skills this year through its cloud incubator initiative. Absa launched the cloud incubator programme in March to support its...
Artificial Intelligence

Absa Launches Facial Recognition Tech in South Africa

Luis Monzon -
Absa, one of South Africa's largest banks and a pan-African lender, has officially launched facial recognition technology in its Android and iOS apps, which some users will need to utilize to authenticate certain transactions through facial scans. "Technology is leaping...
FinTech

Absa Plans $636-Million Black Empowerment Deal for Staff & Investors

Luis Monzon -
Absa, one of South Africa's largest banks, is currently planning a $636-million (R9,4-billion) transaction which could possibly see 8% of the lender's shares given to staff and third-party investors. Further, Media24 reports, the transaction will enable all of Absa's employees...
Africa By Region

Absa Group Appoints New Chief Risk Officer

Jenna Delport -
Absa has appointed Deon Raju as the new Group Chief Risk Officer - effective 1 June 2021. Raju is currently Absa Group Treasurer, primarily responsible for the liquidity risk, funding, capital, and non-traded market risks of the Group. He has...
Cybersecurity

Absa Confirms Client Data Breach

Jenna Delport -
Absa bank has confirmed a data breach which exposed the personal information of a number of clients. The FSP has also pinned the leak on one of its employees who "acted unlawfully". “Absa advises that an employee has unlawfully made...
Company News

ABSA banking app blocks access to IOS customers

Jenna Delport -
South African financial services provider, ABSA has acknowledged that several customers who use iPhones were restricted access to its banking app. A report from My Broadband suggests that this is because the customers' data had been erased from ABSA's systems...
Online & Social

Absa launches “Shop in Your Currency” platform in South Africa

Staff Writer -
Absa has partnered with Planet Payment and CyberSource in order to implement the global payment gateway platform "Shop in Your Currency" in South Africa. According to Cowyk Fox, Managing Executive, Absa Card: “When we initially partnered with Planet Payment in...
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Latest News

Company NewsMamsi Nkosi -

AfriLabs and ATU Forge Continent‑Wide Pact to Fast‑Track Digital Innovation

AfriLabs and the African Telecommunications Union (ATU) have signed a landmark Memorandum of Understanding (MoU) to accelerate digital innovation...
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