Innovations in sustainable finance and digital transformation, alongside important initiatives in transparency and regulation, will help reinvigorate Africa’s financial markets as they recover from the impact of Covid-19, according to research in the latest African Financial Markets Index from Absa and OMFIF.
Sanlam, Africa’s largest non-banking financial services group, and Absa, one of Africa’s largest diversified financial services groups, today announced that they have reached agreement to combine their investment management businesses in a transaction which will result in an asset management company with assets under management, administration and advice in excess of R1 trillion.
Financial services provider, Absa Group Limited, plans to implement a second significant broad-based black economic empowerment (B-BBEE) transaction as part of its broader efforts to achieve transformation in a meaningful and sustainable way.
Following the devastating scenes of unrest and violence in parts of South Africa, and the vandalising of infrastructure, Absa has introduced a range of customised relief measures for customers impacted by the recent disorder.
The Q2 Absa Manufacturing Survey has seen a significant improvement in overall sector confidence, with business confidence rising by 21 points to 46 points during the quarter, the highest level since 2012.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za