You’ve heard of the term, “suffering for your art,” right? There’s a reason why the object of that sentence is art, and not “TPS reports”. TPS reports are hard, because they’re boring. Great art is special because it actually takes something away from the artist; blood, sweat, and tears – sometimes quite literally. That’s why […]
John Julyan is a former Western Cape relationship manager at Barclays Wealth (a division of Absa). He is also a very naughty man. Not “use tax-payers money to buy porn” level of naughty, but more “steal more money than I can carry” kind of naughty. He was so naughty that he was found guilty on Monday of 39 counts of theft, totalling R15 million.
If you’re at this year’s Design Indaba, you need the Democratic Republic of Design app. Delegates download the free app to become DRD citizens, and then tweet and post photos about the conference to earn virtual currency – design dollars (D$). These dollars can be spent at the DRD Concept Store. Delegates can also earn […]
If you’re an up and coming artist, you’ve almost definitely heard of South African art heavyweights like Penny Siopis, Karel Nel, Dianne Victor and Colbert Mashile. And you know what they all have in common? They’re all past winners of the Absa L’Atelier art competition – winning this competition is what launched their careers. If […]
Moody’s announced today that, following the revision of the country’s foreign currency desposit ceiling, it had downgraded South Africa’s five biggest banks. This comes only days after the ratings agency downgraded SA’s government bond rating.
South Africa’s largest bank has announced that it will be taking over Edcon’s unsecured lending portfolio, which is fancy speak for all of its store cards. This is the bank’s largest investment since the takeover by Barclays a few years ago.
Recent research confirms that the vast majority of South African internet users bank online, but that banks have been very slow to make use of digital channels to meet customers’ needs. A study by market research firm Columinate, which assessed consumer internet banking behaviour and satisfaction levels, suggests there is plenty of room for improvement for banks trying to connect digitally with their customers.
Absa’s HR department must be in a world of pain. The bank has told its full IT staff complement to reapply for their jobs, and look for two other roles within the company. Of Absa’s 1 600 IT personnel, about 200 are currently sitting at home on the company’s payroll, twiddling their thumbs as they await “reassignment”. No wonder I’m still waiting for my online banking issues to be fixed.