Impact Partner Content / Absa

Absa has a clear understanding of the fuel industry, which is clearly outlined in our banking solutions. We spend time understanding our clients’ needs within the industry and provide solutions accordingly. We have an end-to-end approach to solutioning the owner’s, business’s and employees’ needs. As a financial services partner to more than 30% of service stations in South Africa, Absa has a thorough understanding of the industry’s intricacies and specific challenges.

Impact Partner Content / Absa / by Justin Schmidt, Head of New Sector Development at Absa Retail and Business Bank

The road to recovery has felt like a long and winding one, with a few bumps along the way, but the South African economy has recovered faster than initially forecasted, and expectations are that we may reach the average pre-COVID-19 levels of economic activity as early as next year. Recovery has varied across industries with sectors requiring lower levels of contact, such as manufacturing and mining, recovering at a faster pace than those sectors that require higher levels of contact, such as tourism and hospitality.

Impact Partner Content / Absa

Municipalities, along with many other public sector entities, are highly dependent on revenue generated from services rendered. As such, they are always looking at ways to improve processes, revenue collection and the overall customer experience. In response to this growing need by municipalities as well as to address concerns of the auditor general with respect to revenue collection by municipalities, Absa has embarked on a journey to provide digitally led solutions to municipalities.

Impact Partner Content / Absa

The Franchise Association of South Africa (FASA), in partnership with Absa, hosted its first virtual conference since before the pandemic on the 25th and 26th August. The aim was to review, reset and revive the franchise sector in the country. South Africa stands out as the only country in Africa that embraced the franchising model way back in the 1960s and built it into the formidable business sector that has created 800 business brands operating through over 48 000 outlets and employing around half a million people. One of the key topics for discussion at the Conference was empowering Africa's women entrepreneurs and recognizing their role as critical job creators. Lionesses of Africa was invited to present its findings on this important subject from its recent South African Women Entrepreneurs Job Creators Survey, undertaken in partnership with New York University, in collaboration with Absa.

Impact Partner Content / Absa

We all know that South Africa urgently needs jobs, but where are these jobs going to come from? The results of the South African Women Entrepreneurs Job Creators Research Survey are out now - and it’s official, women entrepreneurs are vital job creators, both now and in the future! A special 1 hour live webinar event will be held on the morning of Tuesday 31 August 2021 to share the findings of this important research study.

Impact Partner Content - Absa

As the Franchise Association of South Africa (FASA) prepares to host the first virtual conference since before the pandemic on the 25th and 26th August, aimed at reviewing, resetting and reviving the franchise sector, the narrative of the success of franchising in South Africa is one that inspires the possibilities of this business system gaining momentum not just in South Africa, but also in the rest of Africa. South Africa stands out as the only country in Africa that embraced the franchising model way back in the 1960s and built it into the formidable business sector that has created 800 business brands operating through over 48 000 outlets and employing around half a million people.

Impact Partner Content - Absa / by Justin Schmidt, Head of New Sector Development, Absa Retail and Business Bank

Business conditions are improving but supply chain frictions remain

This week the latest Absa Purchasing Managers Index (PMI) data showed further evidence of the continued recovery of the sector with the PMI improving to 57.8 in May. This is the tenth consecutive month that the Absa PMI has been above the 50-point threshold that separates expansion and contraction and shows some promising resilience in the sector. Output and new sales orders continue to see strong reads in this survey.