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Absa

Absa is a major South African financial services group offering retail, business, corporate and investment banking, wealth management and insurance products. The company is headquartered in Johannesburg and operates across the African continent, with a presence in about 12 countries including South Africa, Kenya, Uganda, Tanzania, Zambia, Botswana, Ghana, Mauritius, Mozambique and Seychelles. Absa is listed on the Johannesburg Stock Exchange and is one of South Africa's largest banks by assets and market capitalisation. The group serves millions of customers, ranging from individual retail clients to small and medium-sized enterprises (SMMEs) and large corporations. Absa offers a comprehensive suite of banking services including transactional accounts, loans, mortgages, credit cards, investment products and digital payment solutions such as digital wallets and QR payments. The bank has been investing heavily in digital transformation and innovation to enhance customer experience and compete in the evolving financial services landscape. Absa was formerly part of Barclays Africa Group until the British bank Barclays sold down its stake, leading to a rebranding from Barclays Africa to Absa in 2018. The group employs tens of thousands of people across its operations and remains a significant player in African banking and financial services.

Absa Updates


image of Ray van Rooyen
Three Lessons from NAMPO About the Business of Farming in Africa
2nd June 2026

By: Ray Van Rooyen - Head: AgriBusiness, Absa Africa Regions Aside from the spectacle of a Guinness World Record being broken as more than 1,500 Toyota Hilux bakkies gathered in a single location,... 


Absa PMI declines in May, but remains above neutral mark
Absa PMI declines in May, but remains above neutral mark
1st June 2026 By: Sabrina Jardim

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) remained above the neutral 50-point mark for a second consecutive month, although the index declined by 1.8 points to 50.8 in May from... 


Modi Mining's Sam Molefi and Motlapele Molefi.
Roodepoort-born Roodepoort gold miner talks to Mining Weekly
29th May 2026 By: Martin Creamer

He was born in Roodepoort but never imagined that one day he would be mining gold in Roodepoort, now the site of Qala Shallows, the first new underground gold mine to be built in South Africa in 15... 


Battery and solar panels
Naos-1 hybrid solar PV and battery energy storage project, South Africa
22nd May 2026 By: Sheila Barradas

Naos-1 represents the largest solar and battery facility developed specifically for private offtakers in South Africa. 


Qala Shallows mining personnel.
Gold mining on City of Gold's doorstep wins broader bank support
21st May 2026 By: Martin Creamer

A binding term sheet for a senior loan facility of up to a R875-million has been secured by West Wits Mining, which is reviving gold mining on the very doorstep of the City of Gold. The new loan... 


Payments Are Modernising Faster Than Most Businesses Realise
Payments Are Modernising Faster Than Most Businesses Realise
20th May 2026

By: Chris Wood - Managing Executive: Product at Absa Business Banking Reflects on the changing payments landscape and what it means for businesses navigating an evolving economy, ahead of the Absa... 


An image of Chartered Institute for Procurement and Supply (CIPS) Southern Africa regional MD Paul Vos
ESD programmes enable formal supply chain integration
15th May 2026 By: Nadine Ramdass

Amid South Africa’s evolving procurement landscape, enterprise and supplier development (ESD) programmes are assisting small suppliers in building the capability, compliance and credibility needed... 


The Pace of Trading Has Changed and Technology Decides Who Keeps Up
4th May 2026

By: Merlin Rajah - Head of Equities Electronic Product at Absa CIB South Africa’s equity market has long supported a high standard of trading activity, with infrastructure that global participants... 


Absa PMI up 3.6 points in April following weak first quarter
Absa PMI up 3.6 points in April following weak first quarter
4th May 2026 By: Sabrina Jardim

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose above the neutral 50-point mark for the first time since September 2025, increasing to 52.6 in April, from 49 in March. The... 


An artist impression of the Middlepunt solar PV plant
Mulilo says Middlepunt PV plant to supply cheapest REIPPPP-procured electricity
1st May 2026 By: Terence Creamer

South African independent power producer Mulilo reports that its 337 MWdc Middlepunt solar PV plant will deliver electricity at R458/MWh when it enters into commercial operation in the coming 24... 


Mulilo’s Mercury battery storage project achieves financial close
Mulilo’s Mercury battery storage project achieves financial close
24th April 2026 By: Terence Creamer

South African independent power producer Mulilo, which announced at the recent South Africa Investment Conference that it would be investing R15-billion in new renewables and storage projects,... 


Concrete batching plant
Longonjo neodymium/praseodymium project, Angola – update
24th April 2026 By: Sheila Barradas

Pensana Rare Earths has received the first tranche of $15-million from Cascade Natural Resources as contemplated under a $165-million strategic investment, announced on March 4. 


Thalia Pillay
Why consumer fraud warnings are failing in the age of AI
21st April 2026

By Thalia Pillay, co-founder and CEO of Orca Fraud  The fines scam. The SARS refund. The parcel that needs clearing. If you have a South African cellphone number, you have met all three. Fraud has... 


Mulilo achieves financial close on 380 MW solar project in Western Cape
Mulilo achieves financial close on 380 MW solar project in Western Cape
20th April 2026 By: Sabrina Jardim

South African independent power producer Mulilo has successfully reached financial close on the 380 MW Beaufort West solar PV facility, one of South Africa’s largest utility-scale solar PV... 


An artist impression of the Middlepunt solar PV plant
Mulilo says Middlepunt PV plant to supply cheapest REIPPPP-procured electricity
14th April 2026 By: Terence Creamer

South African independent power producer Mulilo reports that its 337 MWdc Middlepunt solar PV plant will deliver electricity at R458/MWh when it enters into commercial operation in the coming 24... 


Farming equipment in a field
Further food price pain on the cards for consumers as agri sector faces higher input costs
14th April 2026 By: Sabrina Jardim

While developments around the conflict in the Middle East remain unpredictable, the South African agricultural value chain is already being confronted with rising input costs, disrupted trade flows... 


PRODUCTION START
Commissioning of new tooling at VLS Manufacturing’s automotive component plant is nearing completion, with production set to start in April, reaching full production capacity by October
Components plant nears production
10th April 2026

Commissioning of new tooling at its recently built automotive component plant is nearing completion, with production of the first portion of parts expected to start this month, confirms automotive... 


Mulilo’s Mercury battery storage project achieves financial close
Mulilo’s Mercury battery storage project achieves financial close
9th April 2026 By: Terence Creamer

South African independent power producer Mulilo, which announced at the recent South Africa Investment Conference that it would be investing R15-billion in new renewables and storage projects,... 


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pqt: 0.074s - ct: 1.531s - 272pq - 2rq
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