Absa Group profit jumps: Delivered 17% Headline Earnings Growth.

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Absa has delivered a strong set of interim results, with headline earnings up 17% and profit climbing 14%, powered by cost cuts, lower impairments, and a revamp under its new CEO, Kenny Fihla. Revenue rose to R56.5 billion, impairments dropped 14%, and return on equity edged up to 14.8%.

We speak to Deon Raju, Absa’s Financial Director, about the bank’s turnaround strategy.

18 Aug 4PM English South Africa Business News · Investing

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