Banks plan for R7.8bn of losses as Ghana restructures debt
Ghana’s move to restructure its local-currency and overseas debt is weighing on banks from Africa to the UK.
Source: moneyweb.co.za
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Zambia : Absa Group reports strong earnings; remains well positioned for growth
Lusaka - Zambia: By Benedict Tembo
Source: lusakatimes.com
Absa Group reports strong growth despite the challenging environment
Absa on Monday published its financial results, declaring a full year dividend of 300 cents per ordinary share, up 65.6% from 785 cents the year before.
Source: 702.co.za
Sterling rose against a weakening dollar after SVB collapse
The Sterling rose against a weakening dollar on Monday after the sudden collapse of U.S. tech-focused lender Silicon Valley Bank (SVB).
Source: thesouthafrican.com
Absa declares an annual dividend of R13 per share
Absa CEO Arrie Rautenbach talks about the bank's financial results.
Source: moneyweb.co.za