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

Hot News Omokolade Ajayi -
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

Hot News Mfonobong Nsehe -
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

Hot News Omokolade Ajayi -
The South African executive became CEO of Absa Group in January 2020.

South African financial services group, Absa Group, appoints Arrie Rautenbach as CEO

Hot News Omokolade Ajayi -
Rautenbach has been with Absa since 1997.

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

Hot News Omokolade Ajayi -
The issued dividend reflects the group's strong financial performance at the conclusion of its 2021 fiscal year.
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Egypt’s richest man Nassef Sawiris gains $150 million in 4 days

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

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