🇿🇦 South Africa
Aug 18, 2026
Absa's numbers look good until you check who's actually pulling the cart
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Absa posted headline earnings of R12.8 billion for the first half of 2026, up 8%, as new CEO Kenny Fihla pushes a three-year turnaround. But the detail is less flattering. Corporate and Investment Banking, historically the group's biggest earner, grew just 1%, with returns shrinking. Africa Regions, the continental growth story Absa has sold investors for years, went backwards, earnings down 10%. South Africa did the heavy lifting instead, with retail and business banking earnings up 17%, now 72
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