One of South Africa's major banks, Absa, has reaffirmed its commitment to boosting financial performance, setting a target to raise its return on equity to 16% by 2026, as it continues to trail some of its peers. Group CEO Kenny Fihla says efforts are also underway to appoint permanent leaders for key divisions, including Personal and Private Banking, as well as Corporate and Investment Banking. Channel Africa's economics reporter, Innocent Semosa, has the details..."

One of South Africa's major banks, Absa, has reaffirmed its commitment to boosting financial performance, setting a target to raise its return on equity to 16% by 2026, as it continues to trail some of its peers. Group CEO Kenny Fihla says efforts are also underway to appoint permanent leaders for key divisions, including Personal and Private Banking, as well as Corporate and Investment Banking. Channel Africa's economics reporter, Innocent Semosa, has the details..."

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

ABSA's newly appointed Group CEO, Kenny Fihla, outlines his strategy for the bank

In this week’s Standard Bank slot, we turn our attention to the Proudly South African Buy Local Summit & Expo, taking place on the 16th and 17th in Johannesburg, South Africa. Standard Bank is the headline sponsor of this annual event, reaffirming the bank’s commitment to strengthening the domestic economy through localisation and SME empowerment.


Thami Ngubeni spoke to Nokhanyo Ntshingila, Senior Manager for Enterprise & Supplier Development Programmes at Business and Commercial Banking South Africa at Standard Bank Group.

In this week&rsquo;s Standard Bank slot, we turn our attention to the Proudly South African Buy Local Summit &amp; Expo, taking place on the 16th and 17th in Johannesburg, South Africa. Standard Bank is the headline sponsor of this annual event, reaffirming the bank&rsquo;s commitment to strengthening the domestic economy through localisation and SME empowerment.
 Thami Ngubeni spoke to Nokhanyo Ntshingila, Senior Manager for Enterprise &amp; Supplier Development Programmes at Business and Commercial Banking South Africa at Standard Bank Group.

Standard Bank reaffirms its commitment to empowering SMEs through the Proudly South African Buy Local Summit & Expo

The Icebolethu Foundation has, over the past seven years, actively empowered Small and Medium Enterprises (SMEs) through targeted initiatives, including its signature eKasi Business Fair and Supplier Development Programme. These programmes aim to integrate township and rural businesses into the broader economy by offering access to markets, mentorship and funding opportunities.


Most recently, the Icebolethu Foundation launched a new initiative in partnership with public‑ and private‑sector companies to help SMMEs scale their operations and drive job creation.


Thami Ngubeni spoke to Ayanda Mcoyi, Manager at the Icebolethu Foundation.

The Icebolethu Foundation has, over the past seven years, actively empowered Small and Medium Enterprises (SMEs) through targeted initiatives, including its signature eKasi Business Fair and Supplier Development Programme. These programmes aim to integrate township and rural businesses into the broader economy by offering access to markets, mentorship and funding opportunities.
 Most recently, the Icebolethu Foundation launched a new initiative in partnership with public‑ and private‑sector companies to help SMMEs scale their operations and drive job creation.
 Thami Ngubeni spoke to Ayanda Mcoyi, Manager at the Icebolethu Foundation.

SME Feature: Icebolethu Foundation’s eKasi Business Fair and Supplier Development Programme

South Africa’s economy recorded modest growth in the final quarter of 2025. Figures released by Statistics South Africa show that Gross Domestic Product grew by 0.4%, up slightly from 0.3% in the third quarter.


Channel Africa’s Economics Reporter, Innocent Semosa, reports.

South Africa&rsquo;s economy recorded modest growth in the final quarter of 2025. Figures released by Statistics South Africa show that Gross Domestic Product grew by 0.4%, up slightly from 0.3% in the third quarter.
 Channel Africa&rsquo;s Economics Reporter, Innocent Semosa, reports.

ABSA's newly appointed Group CEO, Kenny Fihla, outlines his strategy for the bank

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