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Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange.
Absa Bank Limited is a 100 percent subsidiary of Absa Group Limited, the Pan African financial services conglomerate headquartered in South Africa, with subsidiaries in 12 African countries, whose total assets exceeded US$91 billion as at October 2019.
In 2004, South Africa was responsible for the manufacture of 84% of all vehicles produced in Africa, 7 million of which are on the South African roads. Also in 2004, the industry made a 6.7% contribution to the GDP of South Africa and 29% of all South African manufacturers made up the country's automotive industry. 2004 also saw 110,000 ...
In 2018, BAG re-branded to Absa Group Limited.Under the terms of that re-brand, Absa has until June 2020 to change the names of its subsidiaries in 12 African countries. [12] In Tanzania, the re-brand concluded on 11 February 2020, when both the bank's legal and business names became Absa Bank Tanzania Limited. [13]
Samcor produced car and commercial vehicle models of the Ford and Mazda brands as well as the South African version of the Mazda 323 as Sao Penza. A source confirms the sale of the Mazda 323 under the Sao Penza brand name in the UK between 1991 and 1992. [7] With the renewed takeover of Samcor shares (45%) in 1994 Ford returned to South Africa. [8]
The following year, it was merged with Ford South Africa to create the South African Motor Corporation (Pty) Ltd., known as Samcor for short. [15] In 1988, Ford Canada divested its equity interest in Samcor and donated most of it to the Samcor Employees' Trust. [16] However, Samcor continued to build Ford as well as Mazda and Mitsubishi ...
He concurrently serves as the chairman and non-executive director of Absa Bank Limited, the South African subsidiary and the largest of the subsidiary banks of the Absa Group. He began his tenure at Absa on 1 April 2022. [2] [3] He is also the chairman of Telkom, the South African telecommunications conglomerate, since March 2019. [4]
Absa Bank Ghana is a large financial services company, serving corporate clients, high networth individuals, retail customers and small and medium enterprises.As of 31 December 2020, the bank had assets of GHS:12.546 billion (US$2.075 billion), with shareholders' equity of GHS:1.948 billion (US$322.2 million).