Media Centre

SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) 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.…

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 EDF  Renewables’ renewable  energy  projects  which  reached  financial  close  on 10 November  2022.The  projects  comprise two 140MW …

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),…

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,…

SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose from 48.2 index points in September to 50 in October¹. 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…

SHARE Following a rebound in August, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) 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, the business activity index plummeted to 38.5 points,…

SHARE Tata Consultancy Services (TCS) announced that Absa Corporate and Investment Bank has selected TCS BaNCS™ 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…

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…

SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) 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…

SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) 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…