Audio By Carbonatix
South African lender Absa Group Ltd reported a 5% rise in first-half profit on Tuesday, while its core retail business managed to grow despite a faltering domestic economy.
Absa, once a market leader, has been trying to win back ground lost under the stewardship of former parent Barclays following its split from the British lender in 2017. But it is trying to turn around amid intense competition and a weak South African economy.
The bank said its headline earnings per share (HEPS) — the main profit measure in South Africa — rose 5% to 918.4 cents ($0.6019) for first-half, against 877.8 cents in 2018. When normalised to account for the impact of the Barclays separation, HEPS was up 3%.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
KMA boss declares war on sex workers, migrant beggars in Kumasi
1 minute -
Fuel prices, policy rigidities and the case for a Pricing Regulatory Commission
2 minutes -
UK High Commissioner urges patience as Ghanaian PhD students await scholarship payments
7 minutes -
Kotoko’s Karim Zito and Prince Yaw Owusu charged after GoldStars game
13 minutes -
Joy FM sets stage for Big Workout 2026 at University of Ghana Stadium
17 minutes -
Today’s front pages: Monday, January 19, 2026
47 minutes -
Ghanaian family disowns relative after fraud conviction in Australia
57 minutes -
GoldBod data shows 98.8% of Ghana’s small scale gold exports went to Dubai and India in 2025
58 minutes -
Kofi Bentil says Ofori-Atta is hesitant to return over treatment, not charges
1 hour -
GSA debunks cement price hike claims, says Jan. 19 increase is false
1 hour -
Driver rams into robbers, foils MoMo robbery at Darkuman
1 hour -
Smallholders at the centre: Why innovation and diversification are pivotal for Africa’s food future
1 hour -
Plans underway to establish museum on northern Ghana’s slave history in Navrongo
1 hour -
4 killed including two children as runaway truck ploughed into Salon at Kumawu
2 hours -
Open letter to Chief Justice on judicial security, specialised prosecution and extradition
2 hours