01/08/2020
Absa’s subsidiaries outside of South Africa are required to maintain reserves at the central banks in their respective jurisdictions, based on the volume of customer deposits that these subsidiaries have.
01/07/2020
Forus will bring the costs of banking down, enabling people, small businesses and farmers who have been traditionally priced out of banking to be able to participate.
01/03/2020
It is also expected to provide the KRA, under pressure to collect additional revenue, with a fresh avenue for raising taxes from small traders, the majority of whom have not been paying State levies.
12/31/2019
The Bank participates in this Program alongside other institutions, notably the French Development Agency, the World Bank and the European Union.