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The latest news about Absa Group Limited. The group is listed on the Johannesburg Stock
Exchange and takes an active interest in all the African countries in which Absa is represented.

Absa Purchasing Managersā€™ Index (PMI) rose to 52.6 points, up from 50 in October

SHARE The seasonally adjustedĀ Absa Purchasing Managers’ Index (PMI)Ā rose firmly back into expansionary terrain in November. The index rose to 52.6 points, up from 50 in October and an average level of 49.6 recorded in the third quarter. On its own, this suggests that the manufacturing sector could book another slight expansion in the fourth quarter.…
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Absa funds the first Renewable Energy Projects

SHARE Absa funds the first Renewable Energy Projects to reach Financial Close in Bid Window 5 of the South African REIPP Programme Johannesburg, 14 November 2022-Absa acted as the joint mandated lead arranger and lender for two of EDFĀ  Renewables’ renewableĀ  energyĀ  projectsĀ  whichĀ  reachedĀ  financialĀ  closeĀ  on 10 NovemberĀ  2022.TheĀ  projectsĀ  comprise two 140MWĀ …
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Absa funds South Africaā€™s first utility scale renewable energy captive power project

SHARE Absa acted as joint mandated lead arranger and lender for South Africa’s first utility scale renewable energy captive power project, comprising 200MW of solar power, which will be built in the North West province in South Africa, at an estimated cost of approximately R4.1bn. The 200MW project (comprising of two projects of 100MW each),…
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African markets build resilience in a challenging environment

SHARE Absa Africa Financial Markets Index shows improving market infrastructure in majority of countries in the region African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, OMFIF’s 2022 Absa Africa Financial Markets Index reveals. Even as challenging market conditions weighed on performance in the index,…
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Absa Purchasing Managersā€™ Index October 2022

SHARE The seasonally adjustedĀ Absa Purchasing Managers’ Index (PMI)Ā rose from 48.2 index points in September to 50 in OctoberĀ¹. This is slightly better than the average recorded during the previous quarter (49.6). However, the Transnet strike and faltering global demand likely hurt exports, while persistent load-shedding capped the recovery in activity and demand. However, as the…
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Absa Purchasing Managersā€™ Index September 2022

SHARE Following a rebound in August, the seasonally adjustedĀ Absa Purchasing Managers’ Index (PMI)Ā once again declined in September. The index fell to 48.2, from 52.1 in August and averaged 49.3 points in Q3. More intense load-shedding during the month was likely to blame for the decline relative to August. Indeed, theĀ business activity indexĀ plummeted to 38.5 points,…
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Absa Corporate and Investment Bank selects TCS BaNCS to reimagine its custody business

SHARE Tata Consultancy Services (TCS) announced that Absa Corporate and Investment Bank has selected TCS BaNCSā„¢ Global Securities Platform to transform and modernise its investor services offerings and enrich customer experience across the trade and corporate actions lifecycle in South Africa. Absa Corporate and Investment Bank is a service leader in the African capital markets…
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Absa Purchasing Managersā€™ Index falls from 52.2 points in June to 47.6 in July

SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) further declined in July, suggesting that the manufacturing sector experienced a tough start to the third quarter following a weak second quarter. The headline index fell from 52.2 points in June to 47.6 in July. This is the first reading below the neutral 50-point threshold since…
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Purchasing Managersā€™ Index (PMI) rose by 4.1 index points to reach 54.8 in May 2022

SHARE The seasonally adjustedĀ Absa Purchasing Managers’ Index (PMI)Ā rose by 4.1 index points to reach 54.8 in May 2022. A month-on-month rebound was expected after the PMI lost more than 9 points the previous month as devastating flooding in KwaZulu-Natal and intense load-shedding hurt output and demand in April. However, the index did not recover all…
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Absa PMI fell sharply to 50.7 index points in April 2022

SHARE The seasonally adjustedĀ Absa Purchasing Managers’ Index (PMI)Ā fell sharply to 50.7 index points in April 2022. This is the lowest level of the PMI since July 2021 when unprecedented looting and rioting shook local production and demand. As was the case then, the decline in the headline PMI was due to a sharp drop in…
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