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How Absa is responding to threats from technology companies, FAANG

PUBLISHED: Mon, 06 Aug 2018 10:39:22 GMT

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South African bank, Absa Group reported a 4 per cent decline in half-year profit, however normalised headline earnings increased by 3 per cent to R8 billion. The group has declared an interim dividend of R4.90 cents per share. CNBC Africa’s Fifi Peters is joined by CEO Maria Ramos for more.