• ABSA Group Limited
  •  Overview
  • Last Modified:
  • June 5, 2025
  • Company type:
  • Public
  • Industry:
  • Banking
  • Verified:
  • No
  • No of Employees:
  • 50 001 - 100 000
  • Stock Code:
  • ABG
  • Download
  • Signed Health Status Declaration Form
  • Turnover $50m + ?:
  • Yes
  • Headquarters:
  • Johannesburg
  • Public Interest Score:
  • 750+

 

  • ABSA Group Limited
  • General Information

Description

Absa Group Limited is a South African-based financial services provider, offering a wide range of products and services, including banking, wealth management, and insurance. It is one of the largest financial institutions in Africa, with a strong presence in over 10 African countries.

Absa’s main services include:

  1. Retail Banking: Personal banking products such as savings accounts, loans, mortgages, and credit cards.
  2. Corporate and Investment Banking: Financial solutions for businesses, including corporate lending, advisory services, and investment solutions.
  3. Wealth and Investment Management: Services that help individuals manage their wealth, including investment portfolios, financial planning, and insurance.
  4. Insurance: Providing a variety of insurance products, such as life, health, and short-term insurance.

Absa was originally a part of the Barclays Group but became an independent entity in 2017 after Barclays sold a majority stake in the bank to local investors. The company rebranded itself under the Absa name, which stands for “Amalgamated Banks of South Africa.”

The bank is headquartered in Johannesburg and is listed on the Johannesburg Stock Exchange (JSE). Absa’s mission is to help customers achieve financial success through innovative banking and financial solutions while maintaining a strong commitment to corporate social responsibility.

Sello Moloko:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Ihron Rensburg:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
John Peter Cummins:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
René van Wyk:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Rose Keanly:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Fulvio Tonelli:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Tasneem Abdool-Samad:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Alpheus Mangale:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Peter Mageza:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Luisa Diogo:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Nonhlanhla Mjoli-Mncube:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Alison Beck:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Sindiswa Zilwa:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Charles Russon:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Deon Raju:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No

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5 Benchmark > 4 Excellent > 3  Good > 2 Caution > 1 Risk

 

  • Company Information
  • Company System Number:
  • 6747
  • Founded Year: 
  • 1991
  • Registration Number: 
  • 1986/003934/06
  • Country: 
  • South Africa
  • Stock Exchanges: 
    • Johannesburg Stock Exchange
  • Financial year end: 
  • December
  • No. of Countries operations: 
  • 12
  • Company Status: 
  • In Business
  • Industry Sub Category: 
  • Banking and Financial Services
  • Date listed on Stock Exchange: 
  • 31/07/2013

 

  • Contact Information
  • Business operation: 
  • Offers a range of retail, business, wealth management, corporate and investment solutions to customers and clients across South Africa. Our ambition is to sustainably create shared value and play an integral role in our customers’ and clients’ life journey, empowering them to achieve more and to recommend us to family, friends and business associates.
  • Primary office: 
  • 7th Floor of Absa Towers West 15 Troye Street Johannesburg South Africa

 

  • Additional Information
  • Listed?: 
  • Yes
  • Company secretary: 
  • N R Drutman
  • Reporting currency: 
  • ZAR
  • ISIN number (12 digit): 
JSE
ZAE000255915
  • Authorised shares:
  • 950 000 000
  • Issued shares:
  • 894 376 907
  • No of shareholders:
  • 1001 and more shareholders
  • No of shareholders holding 20%:
  • 0 shareholders
  • Number of shares traded
  • Per Year:
  • Per Quarter:
  • Per Month:

 

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Shareholders holding 5% +


For a comprehensive list, please contact InsidEntity.

Material Subsidiaries/Associates


For a comprehensive list, please contact InsidEntity.

 

Countries Operations/ Offices


 

Company Directors

Name
Nationality
Age
Role
Qualification
Name

Sello

Non Executive
NationalitySouth Africa
60
RoleNED
QualificationBSc (Hons) Mathematics, PGCE, Advanced management programme
Date Appointed: 01/04/2022
Duration:
4 years and 5 months
Independance: Y
Profile
Name

Ihron

Non Executive
NationalitySouth Africa
65
RoleNED
QualificationDoctor of Laws (Honoris Causa), PhD, MA (Political and Organisational Sociology), and Bachelor of Pharmacy.
Date Appointed: 01/10/2019
Duration:
6 years and 11 months
Independance: Y
Profile
Name

John Peter

Non Executive
NationalitySouth Africa
63
RoleNED
QualificationMBA; BA (Hons)
Date Appointed: 01/11/2021
Duration:
4 years and 10 months
Independance: Y
Profile
Name

René

Non Executive
NationalitySouth Africa
69
RoleNED
QualificationBCom, BCompt (Hons), CA(SA)
Date Appointed: 01/08/2020
Duration:
6 years and 1 month
Independance: Y
Profile
Name

Rose

Non Executive
NationalitySouth Africa
67
RoleNED
QualificationBCom (Hons), BSc
Date Appointed: 01/09/2019
Duration:
7 years and 0 month
Independance: Y
Profile
Name

Fulvio

Non Executive
NationalitySouth Africa
65
RoleNED
Qualification BCom (Hons), CA (SA)
Date Appointed: 01/07/2020
Duration:
6 years and 2 months
Independance: Y
Profile
Name

Tasneem

Non Executive
NationalitySouth Africa
51
RoleNED
QualificationBCom, CA(SA)
Date Appointed: 01/02/2018
Duration:
8 years and 7 months
Independance: Y
Profile
Name

Alpheus

Non Executive
NationalitySouth Africa
49
RoleNED
Qualification Diploma in Computer Systems Engineering; Advanced Management Programme
Date Appointed: 01/01/2023
Duration:
3 years and 8 months
Independance: Y
Profile
Name

Peter

Non Executive
NationalitySouth Africa
71
RoleNED
QualificationFCCA (UK)
Date Appointed: 01/01/2023
Duration:
3 years and 8 months
Independance: Y
Profile
Name

Luisa

Non Executive
NationalitySouth Africa
67
RoleNED
QualificationB Econ ; Masters in Financial Economics
Date Appointed: 01/09/2023
Duration:
3 years and 0 month
Independance: Y
Profile
Name

Nonhlanhla

Non Executive
NationalitySouth Africa
67
RoleNED
QualificationBA,PgCert (EBM),FUD, MRUP
Date Appointed: 01/01/2020
Duration:
6 years and 8 months
Independance: Y
Profile
Name

Alison

Non Executive
NationalitySouth Africa
RoleNED
QualificationBCom CA
Date Appointed: 01/12/2023
Duration:
2 years and 9 months
Independance: Y
Profile
Name

Sindiswa Victoria

Non Executive
NationalitySouth Africa
RoleNED
QualificationBCompt (Hons), CA(SA), CD(SA), AdvDip(Fin Planning)., AdvDip(Tax), AdvDip(Banking)
Date Appointed: 01/04/2025
Duration:
1 year and 5 months
Independance: Y
Profile
Name

Zarina

Non Executive
NationalitySouth Africa
62
RoleNED
QualificationBAcc, DipAcc, CA(SA)
Date Appointed: 01/04/2025
Duration:
1 year and 5 months
Independance: Y
Profile
Name

Charles

Executive
NationalitySouth Africa
RoleED
QualificationCA(SA)
Date Appointed: 15/10/2024
Duration:
1 year and 10 months
Independance: Y
Profile
Name

Deon

Executive
NationalitySouth Africa
RoleCFO
QualificationB.Com (Hons), CA(SA), CFA
Date Appointed: 26/04/2024
Duration:
2 years and 4 months
Independance: Y
Profile

 

Directors Tenure

Name
Duration
Name

Sello Moloko

Duration4 years and 5 months
Profile
Name

Ihron Rensburg

Duration6 years and 11 months
Profile
Name

John Peter Cummins

Duration4 years and 10 months
Profile
Name

René van Wyk

Duration6 years and 1 month
Profile
Name

Rose Keanly

Duration7 years and 0 month
Profile
Name

Fulvio Tonelli

Duration6 years and 2 months
Profile
Name

Tasneem Abdool-Samad

Duration8 years and 7 months
Profile
Name

Alpheus Mangale

Duration3 years and 8 months
Profile
Name

Peter Mageza

Duration3 years and 8 months
Profile
Name

Luisa Diogo

Duration3 years and 0 month
Profile
Name

Nonhlanhla Mjoli-Mncube

Duration6 years and 8 months
Profile
Name

Alison Beck

Duration2 years and 9 months
Profile
Name

Sindiswa Victoria Zilwa

Duration1 year and 5 months
Profile
Name

Zarina Bassa

Duration1 year and 5 months
Profile
Name

Charles Russon

Duration1 year and 10 months
Profile
Name

Deon Raju

Duration2 years and 4 months
Profile

 

Director Experience

Name
Experience
Name

Sello

Experience Financial Services
Profile
Name

Ihron

Experience Education
Profile
Name

John Peter

Experience Banking
Profile
Name

René

Experience Banking
Profile
Name

Rose

Experience Financial Services
Profile
Name

Fulvio

Experience Financial Services
Profile
Name

Tasneem

Experience Financial Services
Profile
Name

Alpheus

Experience Financial Services
Profile
Name

Peter

Experience Banking
Profile
Name

Luisa

Experience Government
Profile
Name

Nonhlanhla

Experience Other
Profile
Name

Alison

Experience Financial Services, Banking
Profile
Name

Sindiswa Victoria

Experience Business Services, Financial Services
Profile
Name

Zarina

Experience Financial Services, Retail, Banking
Profile
Name

Charles

Experience Banking, Financial Services
Profile
Name

Deon

Experience Banking, Financial Services
Profile

 

Company Auditors

Name
Date Appointed
Years
Name

PwC

Date Appointed01/01/2022
Year4 years and 8 months
Profile
Name

KPMG

Date Appointed01/01/2021
Year5 years and 8 months
Profile

 

 

Company Committees

Name

Sello Moloko

Mainboard, Audit, Remuneration BD, RC, RE, SE, OT
Profile
Name

Ihron Rensburg

Mainboard, Audit, Remuneration BD, RE, SE, OT
Profile
Name

John Peter Cummins

Mainboard, Audit, Remuneration BD, RC, TE, OT
Profile
Name

René van Wyk

Mainboard, Audit, Remuneration BD, AU, RC, OT
Profile
Name

Rose Keanly

Mainboard, Audit, Remuneration BD, RE, SE, TE, OT
Profile
Name

Fulvio Tonelli

Mainboard, Audit, Remuneration BD, AU, RC, OT
Profile
Name

Tasneem Abdool-Samad

Mainboard, Audit, Remuneration BD, AU, RC, OT
Profile
Name

Alpheus Mangale

Mainboard, Audit, Remuneration BD, RC, TE, OT
Profile
Name

Peter Mageza

Mainboard, Audit, Remuneration BD, AU, RE, TE
Profile
Name

Luisa Diogo

Mainboard, Audit, Remuneration BD, RC, OT
Profile
Name

Nonhlanhla Mjoli-Mncube

Mainboard, Audit, Remuneration BD, CI, SE, OT
Profile
Name

Alison Beck

Mainboard, Audit, Remuneration BD, AU, RC
Profile
Name

Sindiswa Victoria Zilwa

Mainboard, Audit, Remuneration BD, AU, RC, SE, TE
Profile
Name

Zarina Bassa

Mainboard, Audit, Remuneration BD, AU, RE, OT
Profile
Name

Charles Russon

Mainboard, Audit, Remuneration BD, RC, SE, TE, EX
Profile
Name

Deon Raju

Mainboard, Audit, Remuneration BD, RC, TE, EX, OT
Profile

 

Committee
Abbreviation
Supervisory Board
SB
Board
BD
Risk & Compliance
RC
Audit
AU
Remuneration
RE
Capital investment
CI
Industry Specific
IS
Nominations & Governance
NG
Health, Safety & Environment
HS
Social & Ethics
SE
Technology
TE
Executive
EX
Other
OT