This interview confirms why JSE investors are tipping a resurgent Absa as the bank most likely to challenge long-time market leader FirstRand.
We revisit the shock firing of former finance minister Nhlanhla Nene by then president Jacob Zuma, which sent shockwaves throughout financial assets sectors.
After purchasing Barclays shares in April ’16, we decided to leave the party after a scandal emerged around then new CEO Jes Staley.
“UK regulators flagged ‘snow white’ reference in messages between former Barclays boss Jes Staley and sex offender,” reports The Financial Times.
Saudi Arabia’s once secretive national oil company Aramco lifted the veil on its financials yesterday to expose that it is by some distance the biggest profit generating company on earth.
Chinese president Xi Jinping’s six-year anti-corruption campaign claimed one of its biggest scalps yesterday in former head of Interpol, Meng Hongwei.
Absa is forecasting that its revenue growth in 2019 will outpace that of cost increases after slower economic growth and a battered consumer weighed on its ability to generate income.
Samsung has revealed its new foldable phone that resembles a conventional cellphone, but it folds open like a book to reveal a small tablet of 18.5 cm.
Absa Chief Executive Officer Maria Ramos will step down after overseeing the split from Barclays, an alliance blamed for the loss of retail market share at South Africa’s third-largest bank.
Absa is having a hard time convincing some investors it can win back the market share lost while under the control of Barclays Plc.