The seasonally adjusted Absa Purchasing Managers’ Index (PMI) entered contractionary territory in November, declining by 4.5 points to 48.1 points. Coming after two consecutive months of expansion, the latest reading is disappointing, but it needs to be seen in the context of the volatility that has been evident in recent months rather than as an indication of a sudden sharp downturn. #AfricaExpertise #InvestedInYourStory Miyelani Maluleke
Absa Corporate and Investment Banking
Financial Services
Johannesburg, Gauteng 60,976 followers
Invested in your story. Inspired by your purpose.
About us
We stand with you to make your vision a reality. With a relentless African spirit and distinct client focus, we have become a leading corporate and investment bank in and for our continent. We’re a forward-thinking African business with a local presence in 10 countries across the continent, making us ideally positioned to solve regional challenges. Absa Group Limited is a listed, diversified financial services provider headquartered in Johannesburg, South Africa. With an extensive branch network, a team of 41 000 banking professionals and a customer base of over 12 million, we are one of Africa’s most respected banks. Our presence on the continent includes regionally-coordinated coverage in 12 markets with on-the-ground banking capabilities in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda and Zambia – and representative offices in Namibia and Nigeria. We provide global reach through our international offices situated in London and New York. Our Corporate and Investment Banking business is a leader in African capital markets and offers a comprehensive suite of products, with the ability to leverage a unique combination of local presence and global reach. As one of Africa's largest listed banking groups, we harness our deep understanding of investment flows, market participants, sector trends and regulations to unlock value for our clients across the continent.
- Website
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https://cib.absa.africa/
External link for Absa Corporate and Investment Banking
- Industry
- Financial Services
- Company size
- 10,001+ employees
- Headquarters
- Johannesburg, Gauteng
Updates
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Our partnership with EDF, Mulilo Energy, Pele Energy, and GIBB Crede on the Battery Energy Storage System (BESS) project represents a groundbreaking step in advancing South Africa’s energy landscape. By reinforcing grid stability and supporting peak energy needs, this project marks a significant move towards sustainable power generation that will foster impactful change to drive Africa’s energy future. Discover more: https://lnkd.in/dXBFxfxv #AfricaExpertise #InvestedInYourStory Nikhil Kasiram Russel Timbe CAIA, MBA Drishend Moodley Belita Jardine Nosipho Mzimela
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Being recognised at the World Economic Magazine Awards 2024 as leaders in innovation across Africa is a shared milestone. We would like to thank our clients for the confidence and trust you continue to place in us. We remain committed to providing you with pan-African insights and innovative solutions. This recognition reaffirms that we are indeed on the right path to contributing to the growth of our continent and empowering Africa’s tomorrow. We are invested in your story. Learn more: https://lnkd.in/g-WjzqF #InvestedInYourStory #AfricaExpertise
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In this episode of the Africa Impact Matters podcast, Fifi Peters and Chriszelle Joseph, Senior Coverage Banker at Absa CIB, take a look at what the data is telling us ahead of Black Friday and retail's silly season. Discover more: https://lnkd.in/dHhdEMdu #AfricaExpertise #InvestedInYourStory #BlackFriday24
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As digital wallets mature, they are poised to reshape personal finance as well as corporate cash management in unprecedented ways. Beverley Chebwa Chiluba, Head: Transactional Banking and Products and Setumo Seroka, Head: Cash Management Sales (International) at Absa CIB, explain how: https://lnkd.in/drPCAwix #AfricaExpertise #InvestedInYourStory
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Congratulations to Pick n Pay and Boxer on the listing of Boxer Retail Limited on the JSE. #InvestedInYourStory #AfricaExpertise
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We are honoured to be recognised in The Asian Banker Middle East and Africa Awards 2024 as the “Best Trade Finance Bank in Africa”. Thank you to our clients for their partnership and continuous support. We remain committed to delivering tailored solutions that support the needs of businesses across Africa and the rest of the world. Discover more: https://lnkd.in/dqK5hZrq #InvestedInYourStory #AfricaExpertise
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In this episode of the Africa Impact Matters podcast, Fifi Peters joins Absa CIB's Chriszelle Joseph, Dr Tumelo Chaka and Superbalist CFO Gregory van Eden to discuss the factors shaping the retail landscape ahead of Black Friday. Discover more: https://lnkd.in/dbvCMFXg #AfricaExpertise #InvestedInYourStory #BlackFriday24
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This year’s GTR Africa event in London highlighted the transformative potential of trade finance in Africa, with meaningful and insightful contributions from over 50 industry experts. Their perspectives underscored the progress and opportunities within the trade landscape, setting the stage for continued collaboration and growth. A big thank you to everyone who contributed to making this event a success. We look forward to building on these insights and continuing our journey of becoming a leading Pan-African Corporate and Investment Bank and providing tailored solutions for our clients. Discover more: https://lnkd.in/dUC99whh #AfricaExpertise #InvestedInYourStory
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Paul Fenwick, CFA: Head: FX Business Bank Sales, Absa CIB, unpacks what a weaker rand will mean for retailers going into Black Friday – and beyond. https://bit.ly/4fG1pGt #AfricaExpertise #InvestedInYourStory