The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 2.2 points to reach 47.2 index points in April. This was the first increase after three months of declines in the headline PMI. However, the PMI remains below the neutral 50-point mark and is more or less in line with the average recorded in the first quarter of 2019. This means that factory conditions stabilised at a fairly depressed level at the start of the second quarter.
28 April 2021
Absa Group Appoints Group Chief Risk Officer and Group Treasurer
Absa Group Limited has appointed Deon Raju as Chief Risk Officer, with effect from 1 June 2021. Deon is currently Absa Group Treasurer, primarily responsible for the liquidity risk, funding, capital, and non-traded market risks of the Group.
20 April 2021
Daniel Mminele Steps Down as Absa Group Chief Executive
The Absa Group Board and the Group Chief Executive, Daniel Mminele have come to an agreement pursuant to which he has stepped down as a director and Group Chief Executive and will be leaving the group with effect from 30 April 2021.
15 April 2021
Absa South Africa Notifies Additional Customers of Data Exposure
Absa notified a limited group of customers in South Africa in November 2020 that some of their data had been exposed to third parties
15 March 2021
Absa earnings decline; 7% pre-provision profit growth indicates positive underlying performance
Absa Earnings decline: 7% pre-provision profit growth indicates positive underlying performance.
1 February 2021
Absa Purchasing Managers Index sees improvement in January 2021
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged up slightly to 50.9 index points in January, from 50.3 in December.