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Absa Bank

Absa Bank is a major South African financial services group offering retail, business, corporate and investment banking, wealth management and insurance products. The bank is headquartered in Johannesburg and operates across the African continent, with a presence in more than ten countries including Kenya, Tanzania, Uganda, Zambia, Botswana, Ghana, Mauritius, Mozambique and Seychelles. Absa is listed on the JSE Securities Exchange and is one of South Africa's largest banks by assets, competing directly with Standard Bank, FirstRand, Nedbank and Investec. The group serves millions of customers through an extensive branch network, digital banking platforms and automated teller machines. Absa's operations span personal and business banking, credit cards, home loans, vehicle finance, transactional banking, foreign exchange and investment services. The bank is subject to credit ratings from international agencies including Moody's Ratings and Fitch, which assess its financial strength and creditworthiness. Absa was formerly part of Barclays Africa Group, but rebranded to Absa following Barclays' exit from its majority stake in 2017 and 2018. The institution traces its roots to several predecessor banks, including the Amalgamated Banks of South Africa, which was established in 1991 through the merger of several regional banks, and earlier entities dating back to the nineteenth century.

Absa Bank News


Aerial view of the Platreef Mine site, showing the existing surface infrastructure, as well as an outline of the locations for the future Phase 2 and 3 concentrators, adjacent to the current Phase 1 concentrator
Platreef palladium/rhodium/nickel/platinum/copper/gold project, South Africa – update
15th May 2026 By: Sheila Barradas

Construction of Shaft 3, and its associated underground materials-handling and crushing infrastructure, is in the final stages of commissioning.  


Image of Qala Shallows mine portal
Witwatersrand Basin Project – Qala Shallows, South Africa – update
15th May 2026 By: Sheila Barradas

West Wits achieved first gold on March 17, 2026, at Sibanye-Stillwater’s Ezulwini plant. 


An image of the Kamoa Kakula project
Ivanhoe swings to a first-quarter loss on DRC tax settlement; increases full-year exploration spend
7th May 2026 By: Tasneem Bulbulia

Canadian miner Ivanhoe Mines posted a loss of $2-million and a total comprehensive loss of $35-million for the quarter ended March 31 – the first quarter of its 2026 financial year – compared with... 


Mine portal at Qala Shallows
Witwatersrand Basin Project – Qala Shallows, South Africa – update
10th April 2026 By: Sheila Barradas

West Wits has said Qala Shallows is expected to contribute more than $1.15-billion to the South African economy over its 17-year life. 


Launch Ceremony of the Sub-Saharan Africa Innovation Initiative
FusionSolar 9.0 and One-Fits-All 2.0 Innovative Solution Launch Event
25th March 2026

The successful launch of the Huawei FusionSolar 9.0 and One-Fits-All 2.0 innovative solutions was held in South Africa yesterday. Over 300 guests, including power grid companies, developers,... 


Image of gold pour
Witwatersrand Basin Project – Qala Shallows, South Africa – update
20th March 2026 By: Sheila Barradas

West Wits Mining has poured first gold from the Qala Shallows project. 


West Wits Mining chairperson Michael Quinert.
Joburg’s gold revival outlook strengthened still further as resource estimate surges
20th February 2026 By: Martin Creamer

The latest compliant mineral resource estimate of the Witwatersrand Basin project of Sydney-listed West Wits Mining is up 2.2-million ounces, which strengthens the gold revival of Johannesburg,... 


Image of Qala Shallows mine portal
Witwatersrand Basin Project – Qala Shallows, South Africa – update
20th February 2026 By: Sheila Barradas

West Wits Mining has started a scoping study under its Project 200 initiative within the broader Witwatersrand Basin Project. 


West Wits Mining chairperson Michael Quinert.
Joburg’s gold revival outlook strengthened still further as resource estimate surges
2nd February 2026 By: Martin Creamer

The latest compliant mineral resource estimate of the Witwatersrand Basin project of Sydney-listed West Wits Mining is up 2.2-million ounces, which strengthens the gold revival of Johannesburg,... 


Qala Shallows portal
Witwatersrand Basin Project – Qala Shallows, South Africa – update
30th January 2026 By: Sheila Barradas

West Wits Mining has secured A$27.5-million through an equity placement, predominantly from institutional investors. 


VSL Manufacturing opens R750m facility to supply Isuzu assembly plant
16th January 2026 By: Irma Venter

VSL Manufacturing (VSL) has started operations at its new, R750-million manufacturing facility adjacent to the Isuzu Motors South Africa (IMSAf) assembly plant in Struandale, Gqeberha. VSL is a... 


Cranes at a construction site
Treasury launches infrastructure bond
12th December 2025 By: Sabrina Jardim

The National Treasury has launched a new infrastructure and development finance bond, which will be issued to the market under government’s domestic borrowing programme. This is part of a suite of... 


Aerial view of the Qala Shallows project
Witwatersrand Basin Project – Qala Shallows, South Africa – update
12th December 2025 By: Sheila Barradas

Qala Shallows was inaugurated on December 4. 


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