Absa

Absa is one of Africa's largest diversified financial services groups.

Articles

06 June 2017

I want to be part of professionalising government, says National Treasury CFO, Silindile Kubheka

“You only have one chance for a first impression. I am always respectful but I never confuse respect with blindly following others,” says National Treasury CFO, Silindile Kubheka. We have tried to unpack the remarkable metamorphosis of the National Treasury CFO from a shy, quiet serial student to a leadership powerhouse with strong views on boardroom dynamics, youth development and ways to professionalise government.

28 December 2016

Sarb imposes administrative sanctions on two banks

The South African Reserve Bank (Sarb) has imposed administrative sanctions on Société Générale Johannesburg Branch (Société Générale) and Absa Bank Limited (Absa), directing the two banks to take remedial action. This was after the SARB conducted inspections in terms of the Financial Intelligence Centre Act (FIC Act) and found weaknesses in the anti-money laundering and combating the financing of terrorism control measures of both entities.

31 October 2016

ABSA Capital, RMB and Nedbank big winners at JSE Spire awards

ABSA Capital, Rand Merchant Bank (RMB) and Nedbank took home big awards at the 15th annual Spire awards, hosted by the JSE. ABSA Capital, RMB and Nedbank were crowned winners of the Best Bonds House, Best Fixed Income and Currencies House, Best FX House and Best Research House and Best Interest Derivative House respectively. RMB alone took home a total of 11 awards on the evening. Bernard Claassens (pictured), Manager: Fixed Income at the JSE, said:

12 September 2016

Mandatory Audit Firm Rotation is a good thing, says Nkonki's Mitesh Patel

“It is simply staggering that of the 353 audit partners who sign off on the financial statements of all JSE-listed companies, only nine are Black African – that’s just 2.5%,” says Mitesh Patel, Managing Director of Nkonki, a 100% black-owned audit and advisory firm. “Given the transformation imperative within the broader South African corporate context and our profession as a whole, there can be no doubt that Mandatory Audit Firm Rotation (MAFR) will assist in driving the transformation agenda.”

06 September 2016

Changing mindsets and looking to the future, a chat with Brigid Mosola, Walter Sisulu University CFO

“When I came on board the staff were demotivated and unproductive. There was no teamwork and they did not trust in each other. It was a disaster,” says Brigid Mosola, CFO of Walter Sisulu University (WSU). In this exclusive interview with CFO South Africa, Brigid, who has been CFO for around 18 months, and who was recently placed on a precautionary suspension by the University’s new Vice Chancellor pending charges, speaks candidly about the state of the university’s finance department, the challenges of restructuring and building staff morale, and making unpopular decisions.

07 July 2016

Meet Simon Ridley (Standard Bank), recipient of a Lifetime Achievement Award at the CFO Awards 2016

CFO South Africa chose to honour Simon Ridley (pictured), recently retired FD of Standard Bank and CFO of the Year 2014, as well as esteemed member of this year’s judging panel, by presenting him with a Lifetime Achievement Award at this year’s CFO Awards. Unfortunately, Simon was unable to accept the award in person and spend the evening celebrating with his peers, as he was touring Namibia on a motorbike at the time of the event. Simon’s colleague, Luvuyo Masinda, CFO Corporate and Investment Banking (CIB), accepted the award on his behalf. Masinda said:

28 January 2016

Judges 2016 CFO Awards swap notes during exclusive dinner

The mood was warm and jovial during an exclusive dinner for the panel of judges of the 2016 CFO Awardsand winners of last year's awards, hosted by CFO South Africa at the Hyatt Regency Hotel in Rosebank on 27 January 2016. The gathering allowed the judges to prepare for the judging process for this year's prestigious awards, but - most of all - gave them an opportunity to catch up and network. The dinner brought together the CFOs of the Year from 2014 and 2015, Simon Ridley (Standard Bank) and Deon Viljoen (Alexander Forbes), and a host of other business leaders.

01 December 2015

From private equity to leadership... Mpact CFO Brett Clark

“It is tempting as a CFO to get involved in every urgent issue affecting the business, because finance encompasses so many parts of the business," says Brett Clark, the CFO of Mpact and one of the nominees of the 2015 CFO of the Year Awards. “However, I believe a good CFO needs to create the time to analyse the information available in the business, visit the operations, debate issues with team members and focus on the key areas affecting the business.”

24 November 2015

David Hodnett, with Barclays Africa to 'fully international, fully regional and fully local'

As deputy chief executive officer and finance director, David Hodnett is the right hand of CEO Maria Ramos at Barclays Africa. In an exclusive interview with CFO South Africa, he speaks about his love for detail, his relationship with Ramos and the creation of Barclays. He also reveals how he very deliberately chose to plot his career path via risk management roles and why he sees the way he deals with people as a reason for his success. “I believe in accountability and giving people space to operate.”

22 September 2015

CFOs are myth busters, says retiring Standard Bank CFO Simon Ridley

“As CFOs we need to be trusted advisors, rather than critics,” says Simon Ridley, CFO at the Standard Bank Group and last year’s CFO of the Year. In an exclusive interview with CFO South Africa, Ridley talks about the myth busting responsibility of CFOs and CAs, the charm of over-disclosing, the reason everybody at the bank knows his mother and about being the perfect business partner: “You can’t just throw stones at a problem.”

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Company profile

We are a leading corporate and investment bank in and for Africa, backed by JSE-listed Absa Group Limited, our client portfolio includes global and Africa-based multinationals, global corporates, large local corporates, public sector and institutional clients, as well as financial institutions and global development organisations. We are able to service our global client base through operations in 12 African countries, as well as through our representative offices in London and New York.


One of the key differentiators for Absa has been its investment in world-class technology which has allowed it to compete across the globe. We have been recognized by Euromoney for our leadership response to the COVID-19 pandemic, and have received accolades by Global Finance for Best Trade Services and Best Online Portal in Africa.


The Group has introduced the Absa Trade Hub to facilitate corporate, SME and institutional trade flows and financing into, out of and within the entire African continent through our subsidiaries and correspondent network. With vast experience in financing both domestic and international trade, we provide solutions that help manage the various risks involved in trade. In today’s complex operating environment, you need seamless, digital-first solutions delivered in the simplest, most efficient manner – so that you can get business done.
We remain committed to understanding your business ambitions. Through our Corporate and Investment Banking business, we have the ability to leverage our experience, relationships and footprint across Africa, so that together, we can achieve business growth across the continent.
For further information about Absa Group Limited, please visit cib.absa.africa

 

Phone: 08600 08600

Website: www.absa.africa