The banker cited that customer expenses will probably remain constrained in South Africa this year, with the economy expected to grow 1.7%., is predicting that its revenue growth will outperform that of cost increases in 2019 after slower economic growth weighed on its capability to generate income.
The banker cited that customer expenses will probably remain constrained in South Africa this year, with the economy expected to grow 1.7%. The lender is one year into implementing a turnaround strategy after Barclays sold off its controlling stake. This gave the company an opportunity to take on more risk in its retail banking unit, which accounts for more than half of its profits.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Polokwane City move to 5th place on the Absa premiership log - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Polokwane City have swapped places with Supersport United moving into fifth place on the ABSA premiership table after beating Golden Arrows 2-0 in Polokwane. They only team with best effort in psl so far And the picture?
Source: SABC News Online - 🏆 32. / 51 Read more »
Absa restructuring puts hundreds of jobs at risk | IOL Business ReportFinance labour union Sasbo was notified to begin consulting staff on the potential impact of the move, union representative Philip Landman said. busrep Interesting that all the banks are shedding staff - Nedbank had net reduction in headcount, as did Standard and now Absa. Shows what technology in particular can do.
Source: IOL - 🏆 46. / 51 Read more »
Absa 2018 earnings rise 3% to R16.1 billionThe group also increased gross loans to customers by 13%.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Absa says it grabbed back some retail banking market share during 2018CFO Jason Quinn says the bank is pleased with its improved momentum as the group embarks on a new growth strategy
Source: BDliveSA - 🏆 12. / 63 Read more »
Absa to pay higher dividend despite FY earnings dropAbsa, which has re-branded and renewed its strategy as a standalone African bank after separating from Barclays in 2017, announced a final dividend of R11.10 per share, up 4% from the previous year.
Source: ewnupdates - 🏆 30. / 53 Read more »
Impact of technology on businesses under the spotlight, Africa Tech Week - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Africa Tech Week spotlights impact of technology on businesses The summit provides a platform for business leaders to demonstrate how technology can boost the performance of business in the 4th Industrial Revolution. AfricaTechWeek2019 sabcnews First priority should be Privacy and information Security, tech also brings the dark side that is not talked about by our tech expects, this should be some of the talked topics, as much brings change it also brings horror are you all aware of that?.
Source: SABC News Online - 🏆 32. / 51 Read more »
Rabada hits 150 km/h to steer South Africa to victory over Sri Lanka - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Kagiso Rabada led a pace assault as South Africa defended a below-par total in the second one-day international against Sri Lanka at SuperSport Park on Wednesday.
Source: SABC News Online - 🏆 32. / 51 Read more »