We’re probably doing the same [number of loans to farmers]… We continue to see opportunities in that space… We have to wait and see what the outcome of the Parliamentary process is… this is a very big issue in our country and we need to find a resolution… our understanding of Section 25 is that it already provides for expropriation without compensation… We do need to go through this process… It’s the uncertainty that creates the difficulty for everybody.— Maria Ramos, Absa Group
Costs totalling R1.4 billion related to Absa’s separation from Barclays saw the African banking behemoth’s half-year profits fall by 4%.
Absa Group on Monday reported headline earnings per share (EPS) of 877.8 cents in the six months to 30 June, compared to 917.3 cents a year earlier.
Absa’s retail unit grew headline earnings by 4% to R4.2 billion.
Listen to the interview in the audio below (and scroll down for more quotes from it).
GDP growth has been revised downwards… but we’ve delivered results within expectations…— Maria Ramos, Absa Group
We’re well underway with a significant separation… Barclays is just another shareholder now…— Maria Ramos, Absa Group
If we were not going through this change… our headline earnings are actually up 3%...— Maria Ramos, Absa Group
We’ve been very focused on digital… WhatsApp banking, Samsung Pay…— Maria Ramos, Absa Group
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Jabu Mabuza, Chairperson at Eskom, and plays an audio clip of Minister Pravin Gordhan.
Time. It’s the most important factor, says Sam Beckbessinger, author of “Manage Your Money like a F*cking Grownup”.
Bruce Whitfield interviews Mohsin Tajbhai (GPI), Ricco Friedrich (Denker Capital) and Wilhelm Hertzog (Rozendal Partners).
It wants Govt to take on the debt as part of a turnaround plan to shore up its balance sheet, says spokesperson Khulu Phasiwe.
Mad Giant was born from the desire to conquer the world and take chances with no fear of the outcome, says its founder Eben Uys.
In the profile interview, actress Dr. Lillian Dube chats about her battle with cancer, and gets personal about her faith and relationship with God.
Dr Eve says that sex toys help close the frustrating orgasm gap and can increase intimacy and connection, alone or with a partner.
Eskom has warned that more power cuts can be expected as maintenance continues over the next twelve months.
Saru has partnered with Asics to create a special Blitzbokke jersey to celebrate Nelson Mandela’s 100th birthday.
Eleven years after murdering her drug addict son, the film about Ellen Pakkies' story is being shown at cinemas across SA.