After a stronger performance in June, the monthly BankservAfrica Economic Transactions Index (BETI) slipped somewhat in July 2023, mirroring the less-than-positive economic indicators that emerged during the month. “The BETI…
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After what looks to have been a decent second quarter, at least in terms of quarterly growth momentum, the manufacturing sector had a setback at the start of the third…
Standard Bank, South Africa’s largest lender by assets, has reported a nearly 50% increase in credit impairment charges in the first five months of this year compared to the same…
Gerrie Fourie, Capitec CEO, believes that Capitec’s reinvestment of 1.4 billion back into the business will see great potential in South Africa. The bank prioritised more investments as they went…
The newly launched real-time payments digital service, PayShap, is a landmark in South Africa’s payments modernisation journey, which BankservAfrica and the Payments Association of South Africa (PASA) have steered collaboratively. …
The World Bank has issued a warning that Sub-Saharan Africa (SSA) needs to cut trade costs by at least 50% to reinvigorate global trade, which has been in decline since…
Absa Corporate and Investment Banking (CIB) has established itself as a pioneer in the sustainable finance sector by securing the initial investment in its first-of-its-kind Absa Green Deposit. The Absa…
Absa Corporate and Investment Banking (CIB) provided consulting services and funding for Infinity Power Holding’s acquisition of Lekela Power, another significant transaction in the South African energy market. Infinity Power,…
Absa Corporate and Investment Banking (CIB) was recognised as Africa’s finest Pan-African corporate finance and investment bank at the 2023 Bonds, Loans & ESG Capital Markets Africa Awards.The bank was…
According to Absa, South Africa’s core inflation rate likely surged at the quickest rate in six years in February, owing to a steep spike in health-insurance costs. According to Absa…
