Tag: Absa Group

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South African exec Arrie Rautenbach-led Absa Group expects earnings to rise by 27 percent in H1 2022

Rautenbach owns a 0.023-percent stake in the banking group, worth $1.94 million.

British bank Barclays sells $687-million stake in Arrie Rautenbach-led Absa Group

Absa Group shares have fallen by more than four percent since the opening of the Johannesburg Stock Exchange this morning.

Absa’s first Black CEO Daniel Mminele receives $2.1 million in termination payment from Absa Group

The South African executive became CEO of Absa Group in January 2020.

Jason Quinn-led Absa Group resumes dividend payment as earnings exceed $1.1 billion

The issued dividend reflects the group's strong financial performance at the conclusion of its 2021 fiscal year.


Egypt’s richest man Nassef Sawiris gains $150 million in 4 days

Sawiris’ net worth has surged by $150 million in just four days, translating to an average gain of $37.5 million per day since Sept. 26.

Kenyan billionaire Ndegwa family expands empire as NCBA, ICEA Lion pursue new deals

The Ndegwa family's latest endeavors build upon their previous strategic investments in the Kenyan financial sector.

5 companies owned by Tyra Banks

Banks owns companies in the beauty, TV production, and food sectors.

Africa’s first Black billionaire Patrice Motsepe faces $900-million loss in 2023

Despite this recent decline in his net worth, Motsepe retains his status as the wealthiest Black individual in Southern Africa.