Manufacturing activity contracted for the first time in a year in July, when South Africa experienced severe power cuts, Absa said on Monday.
Absa is making a raft of changes to its top management position to refocus its strategy towards being more customer centric.
Promoted | Computer Vision and AI technologies see local business with new name slicing up new markets overseas again.
Promoted | Absa Group, in partnership with PureSoftware, has launched a digital wallet, Spark by Absa, in Botswana.
Absa has appointed long-serving executive Arrie Rautenbach as its new CEO, replacing Daniel Mminele, who resigned last year after clashing with the banking group’s board.
Absa-banked merchants can now accept card payments directly on their mobile phones, without the need for a point-of-sale terminal.
The constitutional court has upheld a ruling by a lower court that allowed the government to renege on salary increases for public servants.
Big changes are coming to South Africa’s payments industry that will shake up the financial services sector, according to BankservAfrica CEO Jan Pilbauer.
Absa Bank has joined the Hyperledger Foundation, an open, global ecosystem for enterprise blockchain technologies.
The news earlier this week that Apple plans to allow merchants to accept contactless payments directly on iPhones has stirred a great a deal of interest.