Absa feels the pain

Business and Finance Business and Finance

Fri, December 6, 2024

[ Fri, Dec 06th 2024 ] - MSN

4 Key Tips to Burn Belly Fat and Maintain a Healthy Weight

[ Fri, Dec 06th 2024 ] - Mid Day

Mumbai's poor air quality triggering surge in allergic cough and cold cases in adults aged 30-65

[ Fri, Dec 06th 2024 ] - MSN

Bernie Sanders Says RFK Jr.'s Comments On Food In .. y Correct' But Health Views 'Extremely Dangerous'

[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - Reuters

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[ Fri, Dec 06th 2024 ] - MSN

Musk heads to US Congress to discuss slashing government costs

[ Fri, Dec 06th 2024 ] - Crain's Chicago Business

Durbin and Ramaswamy trade barbs over federal loan to Rivian

[ Fri, Dec 06th 2024 ] - Business Line

RBI proposes credit line access on UPI for Small Finance Banks

[ Fri, Dec 06th 2024 ] - The Raw Story

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - Yahoo! Sports

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[ Fri, Dec 06th 2024 ] - Indiatimes

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[ Fri, Dec 06th 2024 ] - abc13

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - Women's Health

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[ Fri, Dec 06th 2024 ] - News Medical

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[ Fri, Dec 06th 2024 ] - moneycontrol.com

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[ Fri, Dec 06th 2024 ] - The Motley Fool

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - cnbctv18

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Stop Tossing Stale Bread, and Try This Editor-Loved Find That Keeps Loaves Fresh

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[ Fri, Dec 06th 2024 ] - AOL.co.uk

I'm A Celebrity viewers shocked as Maura and Oti reveal weight comments

[ Fri, Dec 06th 2024 ] - Yahoo

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[ Fri, Dec 06th 2024 ] - Milwaukee Independent

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[ Fri, Dec 06th 2024 ] - moneycontrol.com

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[ Fri, Dec 06th 2024 ] - The Boston Globe

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[ Fri, Dec 06th 2024 ] - Cyprus Mail

Cyprus strengthens R&D ties with Indonesia

[ Fri, Dec 06th 2024 ] - familydestinationsguide

This Vintage Auto Road Trip Will Take You To 12 O .. sic Car Collections That'll Rev Up Your Nostalgia

[ Fri, Dec 06th 2024 ] - MSN

Tesla's Three Upcoming Models And What They Mean For The American Automaker

[ Fri, Dec 06th 2024 ] - MSN

Kamala Harris mocked for continuing to put on 'dozens' of accents

[ Fri, Dec 06th 2024 ] - Slate

Here's What's Been Going On at the Supreme Court While We've All Been Distracted

[ Fri, Dec 06th 2024 ] - AOL

France politics live: Emmanuel Macron to pick new PM in coming days after Michel Barnier resigns

[ Fri, Dec 06th 2024 ] - Business Standard

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[ Fri, Dec 06th 2024 ] - USA Today

The week in politics: Sen. Marsha Blackburn announces DOGE legislation

[ Fri, Dec 06th 2024 ] - MSN

Billie Eilish calls social media her 'cigarettes' in honest confession

[ Fri, Dec 06th 2024 ] - bolnews

Real truth behind Jason Momoa's departure claims from US after 2024 election

[ Fri, Dec 06th 2024 ] - moneycontrol.com

Bone health tips: Expert-approved strategies to slow down natural decline after 50

[ Fri, Dec 06th 2024 ] - TheHealthSite

What Happens When You Drink Warm Water With Lemon And Honey Throughout The Day?

[ Fri, Dec 06th 2024 ] - Business Times

Want work-life balance? You have to make sacrifices, say panellists at dialogue on careers

[ Fri, Dec 06th 2024 ] - Business Line

Share Market Highlights: Sensex, Nifty dip; RBI's CRR cut eases liquidity worries

[ Fri, Dec 06th 2024 ] - Reuters

Trump's easing of regulations to trigger Japan outbound M&A, Citi exec says

[ Fri, Dec 06th 2024 ] - FXStreet

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[ Fri, Dec 06th 2024 ] - businessday

BOI, African Guarantee Fund sign $50m deal to scale up MSME financing

[ Fri, Dec 06th 2024 ] - The Motley Fool

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[ Fri, Dec 06th 2024 ] - KOLR10 & Ozarks Local News

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[ Fri, Dec 06th 2024 ] - Yahoo Finance

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - McClatchyDC

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[ Fri, Dec 06th 2024 ] - WSB-TV

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[ Fri, Dec 06th 2024 ] - Food & Wine

The 7 Best Indoor Pizza Ovens to Give for the Holidays

[ Fri, Dec 06th 2024 ] - MSN

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Champions Cup preview: How a decade of meddling h .. mpetition of drama and jeopardy, writes CHRIS FOY

[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - Penn Live

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[ Fri, Dec 06th 2024 ] - Penn Live

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - MSN

US Executives Turn Sharply Positive After Trump's Win, Surveys Show

[ Fri, Dec 06th 2024 ] - Business Times

Want work-life balance? You have to make sacrifices, say panellists at thrive dialogue on career

[ Fri, Dec 06th 2024 ] - businesstech.co.za

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[ Fri, Dec 06th 2024 ] - The Motley Fool

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[ Fri, Dec 06th 2024 ] - gloucestershirelive.co.uk

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[ Fri, Dec 06th 2024 ] - Reuters

Climate-vulnerable countries push for credit rating overhaul

[ Fri, Dec 06th 2024 ] - The Indianapolis Star

Indiana Gov.-elect Mike Braun names his cabinet

[ Fri, Dec 06th 2024 ] - MSN

Ian King quits Business Live and will leave Sky News in Spring

[ Fri, Dec 06th 2024 ] - The New York Times

Britain's Starmer Is Trying to Fight Populism From the Lonely Center

[ Fri, Dec 06th 2024 ] - Travel + Leisure

Disneyland Prepares to Celebrate Its 70th Anniversary With Hotel Deals, New Attractions, and More

[ Fri, Dec 06th 2024 ] - Barron's

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[ Fri, Dec 06th 2024 ] - The Independent

Jordie Barrett, a new broadcaster and five things to watch on the Champions Cup's opening weekend

[ Fri, Dec 06th 2024 ] - National Basketball Association

Brooklyn Nets, Phoenix Suns to play two preseason games in Macao in October 2025

[ Fri, Dec 06th 2024 ] - briefly

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[ Fri, Dec 06th 2024 ] - MSN

Here's how many calories your body burns each day - and how to work it out

[ Fri, Dec 06th 2024 ] - MSN

Elon Musk pal David Sacks will be Trump's AI and crypto czar

[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - familydestinationsguide

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - AM-online

EV sales soar to record high in November, taking 25% market share

[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - The Daily Telegraph

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[ Fri, Dec 06th 2024 ] - The Motley Fool

Billionaire Steven Cohen Sold Point72's Entire St .. anging Artificial Intelligence (AI) Stock Instead

[ Fri, Dec 06th 2024 ] - The Mirror

'Vlad the Invader is scenting total victory in Ukraine and will cost UK dear'

[ Fri, Dec 06th 2024 ] - London Evening Standard

Donald Trump ally Elon Musk warned against trying .. e 'political puppet master' picking US presidents

[ Fri, Dec 06th 2024 ] - MSN

UP in knockouts with Bhuvneshwar's hat-trick, Shami continues to prove fitness

[ Fri, Dec 06th 2024 ] - Outlookindia

Women's Super League Story So Far: Chelsea Make Historic Start, Brighton The Surprise Package

[ Fri, Dec 06th 2024 ] - Tuko

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[ Fri, Dec 06th 2024 ] - The Indianapolis Star

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[ Fri, Dec 06th 2024 ] - briefly

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - gloucestershirelive.co.uk

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[ Fri, Dec 06th 2024 ] - Mint

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[ Fri, Dec 06th 2024 ] - Daily Express

Sky unveils new TV, film and Netflix plan that's packed with Christmas classics

[ Fri, Dec 06th 2024 ] - MSN

PayPal Co-Founder David Sacks Named as First White House AI and Crypto Czar

[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - Cyprus Mail

RIF launches new scheme for innovative Cypriot companies

[ Fri, Dec 06th 2024 ] - businesslive.co.za

Nedbank scoops two prestigious global awards

[ Fri, Dec 06th 2024 ] - abp LIVE

How Bajaj Finance is Making Digital Payments Simpler and Safer

[ Fri, Dec 06th 2024 ] - MSN

Bitcoin in Your Retirement Account? A Little Wouldn't Hurt.

[ Fri, Dec 06th 2024 ] - Zawya

SACE and African Development Bank Group to work together under the "Mattei Plan"

[ Fri, Dec 06th 2024 ] - MSN

Personal Loan: Should you use it for investment? Pros and cons revealed

[ Fri, Dec 06th 2024 ] - Business Standard

Maldives Finance Minister Moosa Zameer graced Vishwa Samudra Golden Eagles Golf Championship

[ Fri, Dec 06th 2024 ] - Business Standard

Year-end portfolio review, Vatsalya scheme: Top personal finance stories

[ Fri, Dec 06th 2024 ] - USA Today

Sentencing in President-elect Trump's hush money case indefinitely postponed | The Excerpt

[ Fri, Dec 06th 2024 ] - MSN

Inter Miami to Open 2025 FIFA Club World Cup vs. Al Ahly FC

[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - entertainment-focus.com

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[ Fri, Dec 06th 2024 ] - cntravellerme

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - Inside Higher Ed

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[ Fri, Dec 06th 2024 ] - Sky

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - Business Today

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[ Fri, Dec 06th 2024 ] - The Daily Star

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[ Fri, Dec 06th 2024 ] - Reuters

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[ Fri, Dec 06th 2024 ] - ABC

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - The Motley Fool

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[ Fri, Dec 06th 2024 ] - Reuters

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - businesstech.co.za

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[ Fri, Dec 06th 2024 ] - MSN

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[ Fri, Dec 06th 2024 ] - RTE Online

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[ Fri, Dec 06th 2024 ] - Daily Express

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[ Fri, Dec 06th 2024 ] - New York Post

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[ Fri, Dec 06th 2024 ] - cnbctv18

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[ Fri, Dec 06th 2024 ] - MIT Technology Review

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[ Fri, Dec 06th 2024 ] - businesstech.co.za

Absa feels the pain

^{Published on 2024-12-06 01:31:12 - businesstech.co.za}

Absa expects a drop in earnings and revenue despite its credit loss ratio improving. In a trading update for the first ten months of 2024, Absa said that the operating environment in South Africa and its Africa regions countries has been largely as expected year-to-date.

The article from BusinessTech discusses how Absa, one of South Africa's major banks, is experiencing significant financial strain due to a combination of factors including a challenging economic environment, increased operational costs, and a notable rise in credit impairments. Specifically, Absa reported a 2% drop in headline earnings for the first half of the year, with credit impairments soaring by 65% to R11.7 billion, largely due to the economic fallout from the Covid-19 pandemic affecting borrowers' ability to repay loans. Additionally, the bank has had to deal with rising inflation, higher interest rates, and increased costs related to technology upgrades and compliance with new regulations. Despite these challenges, Absa's CEO, Arrie Rautenbach, remains optimistic, highlighting the bank's efforts to adapt through digital transformation and cost management strategies to navigate through the tough economic conditions.

Read the Full businesstech.co.za Article at:
[ https://businesstech.co.za/news/business/803209/absa-feels-the-pain/ ]

N@N

Absa feels the pain