Media Centre

SHARE Absa Purchasing Managers’ Index (PMI) increased for a third consecutive month. The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased for a third consecutive month to reach 60.0 in March, up from 58.6 in February. The sustained improvement in the headline PMI bodes well for the continued recovery of the manufacturing sector after it…

SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) recovered from December’s loss of momentum and rose to 57.1 index points in January 2022, following a dip to 54.1 in December 2021. The current level is in line with November’s reading, but above the average recorded in the fourth quarter of 2021 and reflects a strong start…

SHARE After introducing the NewGold and NewPlat exchange-traded funds (ETFs) on the Botswana Stock Exchange, Absa expands its precious metal investment options today on BSE by listing NewPalladium ETF. NewPalladium was first listed on the ETF sector of the Johannesburg Stock Exchange on 27 March 2014 and has since been secondary listed on the Namibia…

SHARE Johannesburg, 8 November 2021: In a landmark transaction highlighting confidence in the township and rural commercial property, Absa Bank acted as Sole Global Coordinator and Bookrunner in the strategic refinancing of Exemplar REITail Limited’s R3.135bn debt package. The transaction includes R1.791bn of ‘sustainability-linked’ loan, with margin reductions, applied subject to the Borrower’s successfully achieving pre-agreed…

SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) lost further ground in October, declining to 53.6 from a downwardly revised 54.7 in September. As was the case in September, the business activity and new sales orders indices lost the most ground in October. At least two key developments in October help to explain the almost 4-point…

SHARE Innovations in sustainable finance and digital transformation, alongside important initiatives in transparency and regulation, will help reinvigorate Africa’s financial markets as they recover from the impact of Covid-19, according to research in the latest African Financial Markets Index from Absa and OMFIF. Out of 23 countries in the index, 19 score lower than last…

SHARE Absa Purchasing Managers’ Index (PMI) increased for the second consecutive month in September. The seasonally adjusted Absa Purchasing Managers’ Index (PMI) stabilised at an elevated level in September. This comes after large swings in the prior two months when several well-documented shocks pushed the PMI sharply lower in July, followed by a robust rebound in…

SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) stabilised at an elevated level in September. This comes after large swings in the prior two months when several well-documented shocks pushed the PMI sharply lower in July, followed by a robust rebound in August. At 56.8, the headline PMI index declined somewhat in September from…

SHARE Globeleq, the leading independent power company in Africa, and Absa Bank, a leading financier in the renewable energy programme in South Africa, have completed the senior debt refinancing of three of Globeleq’s renewable power plants. The purpose of the refinancing is to enhance the projects’ capital structures, allowing for the release of value to…

SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rebounded in August 2021 following a record single-month decline in July. The August PMI performed better than last month’s steep decline and rose to 57.9 points from a very low 43.5 points in July. In comparison, the PMI stood at 57.4 in June. A normalisation of demand and output for…