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Absa Group reports resilient earnings in tough environment; underlying business strong and growing

Absa Group reports resilient earnings in tough environment; underlying business strong and growing
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Beijing , China , Rautenbach , Eastern-cape , South-africa , South-african , Chris-snyman , Group-corporate , African-reserve-bank , Product-solutions-cluster , Absa-group , Arrie-rautenbach

Absa Group reports resilient earnings in tough environment

Absa Group reported a resilient set of results for 2023, delivered in an operating environment that was weaker than expected, particularly in South Africa.

South-africa , Beijing , China , Rautenbach , Eastern-cape , South-african , Chris-snyman , Product-solutions-cluster , Group-corporate , African-reserve-bank , Absa-group , Arrie-rautenbach

Absa Group CEO reaffirms commitment to its Ghana operations

Absa Group CEO reaffirms commitment to its Ghana operations
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Banking Sector Must Be Transformed Following Resignation of Absa CEO Daniel Mminele


Banking Sector Must Be Transformed Following Resignation of Absa CEO Daniel Mminele
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21st April 2021
It is with shock that the news of Absa Group Chief Executive, Daniel Mminele resignation was announced today in a press statement released by the bank. This comes as a major surprise to many in the finance and banking industry, as Mr Mminele only served one year at the helm of one of South Africa's top banks. 

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Absa Group Deputy CEO Peter Matlare passes on due to COVID-19


Absa Group Deputy CEO Peter Matlare passes on due to COVID-19
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Absa Group has announced the demise of Peter Matlare, Executive Director and Deputy Group Chief Executive. The late Peter Matlare died on 7 March 2021 due to COVID-19 related complications, according to a statement from the company.
The Late Peter joined Absa Group Board as an independent non-executive Director in 2011. He was appointed Group Deputy Chief Executive Officer in August 2016. He was also the Chief Executive responsible for Absa Regional Operations, covering the bank’s presence on the continent outside of South Africa.
“He played a key role in overseeing our regional operations and safely leading our banks through the major Separation from Barclays and rebrand to Absa. Peter has made a significant contribution to the Group, and Absa has lost a dedicated leader, a visionary and an amazing human being,” said Wendy Lucas-Bull, Absa Group Chairperson said.

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