Media Centre 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 | Corporate and Investment Banking > Media Centre Absa PMI suffered a record single month decline of almost 14 points in July August 2, 2021 SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) plunged in July. This signals that the output recovery in the manufacturing sector was set back notably at the start of the third quarter. From an elevated 57.4 in June, the headline PMI suffered a record single month decline of almost 14 points, dropping to 43.5 in July.… Read article → Absa PMI moved lower for a third consecutive month and is now back in line with February’s level July 1, 2021 SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged down slightly to 57.4 index points in June 2021 from 57.8 in May 2021. All 5 of the headline PMI’s major sub-components were above the neutral 50-point mark in June. Furthermore, the average reading of both the headline PMI as well as the business activity index during… Read article → CDC Group provides risk sharing facility to Absa to support small businesses June 8, 2021 SHARE CDC Group provides $50m risk sharing facility to Absa to support lending to small businesses and households through Microfinance and Non-Bank Financial Institutions in Africa CDC Group’s first risk sharing facility supporting local currency medium and longer-term lending to MFIs and NBFI Boosts systemic liquidity in a highly credit-constrained environment and offers financial support… Read article → Absa PMI sees solid improvement in May 2021 June 1, 2021 SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to a solid 57.8 points in May 2021 from 56.2 the month before. Four of the five subcomponents remained well above the neutral 50-point mark with only the employment index dipping back into negative terrain. In all, the average level of the PMI recorded in the first… Read article → Absa appointed senior lender in solar power project May 13, 2021 SHARE Absa has been appointed as a mandated lead arranger, senior lender and hedge provider for one of South Africa’s largest Concentrated Solar Power (CSP) tower projects. The 100 MW CSP tower project, which uses molten salt technology and has 12 hours of thermal storage, will be built in the Northern Cape Province in South… Read article → Absa Purchasing Managers’ Index (PMI) sees slight decline in April 2021 May 3, 2021 SHARE Following three consecutive months of improvement, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined slightly to 56.2 index points in April from 57.4 in March. Despite the modest pullback, the index is now about 2.5 points above the average recorded in the first quarter of the year and about 26 points above the April 2020… Read article → Absa Purchasing Managers’ Index (PMI) increases for the third consecutive month in March 2021 April 1, 2021 SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose for a third consecutive month to reach 57.4 index points in March, from 53 the month before. The increase was supported by an improvement in all five subcomponents relative to February. Only the employment index remained stuck below the neutral 50-point mark with the other four key sub-indices pointing… Read article → Absa Purchasing Managers Index (PMI) sees an uptick by 2 index points in February 2021 March 1, 2021 SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased to 53 index points in February from 50.9 in the month before. The further increase was supported by three of the five subcomponents gaining relative to January. Only the employment index moved lower, while the supplier deliveries index also ticked down but remained well above the neutral 50-point mark and thus… Read article → Absa Purchasing Managers’ Index (PMI) sees a decline in November December 9, 2020 SHARE The Absa Purchasing Managers’ Index (PMI) (link to attached PMI Report – November 2020.pdf) declined to 52.6 index points in November from the solid 60.9 points recorded in October. The decline comes after three consecutive upward moves and brings the index to the lowest level since July 2020. While still signalling an improvement in business conditions,… Read article → OMFIF report shows African markets face extreme test of resilience due to COVID-19 November 9, 2020 SHARE Highlights: Average overall score dips to 51 out of 100 from 53 in 2019, partly due to slower market activity in the first half of 2020 and stricter scoring in some indicators. Countries perform best in ‘market transparency, tax and regulatory environment’, scoring 67 on average. South Africa and Mauritius maintain their lead in the… Read article → « Previous 1 2 3 4 5 Next »
