The true purpose Absa wrote off R2.4-billion in software program
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…