Absa CTIO Johnson Idesoh Absa Group’s resolution to take a R2.4-billion software program impairment hit for the 12 months ended 31 December 2025 is just not solely due to AI – itself an accelerator of software program obsolescence – but additionally due broader technological tendencies and a strategic shift within the financial institution’s outlook on…
Sachin Chanderdhev, Sector Specialist for Manufacturing at Absa Enterprise confidence within the manufacturing sector got here beneath renewed strain throughout the first quarter of 2026, with lacklustre demand weighing on sentiment. In accordance with the Q1 Absa Manufacturing Survey, the headline index quantity declined by 9 index factors to 30 from the earlier quarter. Gross…
Absa Group has written off R2.4-billion in software program belongings after a revision of its total technique led to modifications in funding priorities and faster-than-expected know-how obsolescence, its annual monetary statements present. The software program impairments – greater than 13 instances the R179-million written off a 12 months earlier – had been unfold throughout the…
An estimated 5 million smallholder farmers depend on the business for jobs and livelihoods within the area Kampala, Uganda | THE INDEPENDENT | The Worldwide Finance Company, a member of the World Financial institution Group, has partnered with Absa Group Restricted, a South African-based financial institution intends to increase US$60 million commodity commerce finance facility to…
Worldwide Finance Company (IFC), a member of the World Financial institution Group, and Absa Group Restricted, a South African-based financial institution, will present an as much as US$60 million commodity commerce finance facility to Volcafe, a number one world inexperienced espresso service provider, to strengthen the corporate’s operations in East Africa, supporting tens of 1000’s…