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..."

<p>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..."</p>

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

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

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