Page 24 - Absa Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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South African lender Absa Group on Monday posted a marginal rise in interim profit as it benefited from higher interest rates whose impact was partly offset by higher impairments, the bank said. ... -Today at 01:11 am- MarketScreener

Better-than-expected mining and manufacturing output contributed to their revised projections.

South Africa’s economy probably avoided a contraction in the second quarter, despite record power cuts.

The net result on Monday showed that Absa’s credit impairment charges increased 60% to R8.3-billion over the six months to the end of June.