ABSA Bank, a prominent financial institution in South Africa, stands as a testament to the dynamic and evolving landscape of banking in the African continent. Established from a conglomeration of various banks in the late 1980s and early 1990s, ABSA has grown into a major player in the South African banking sector, offering a comprehensive range of products and services. These include retail, business, corporate, and investment banking, along with wealth management and insurance products.
Historically, ABSA’s journey began as a merger of several banks, creating a powerful entity that quickly made its mark in the South African financial world. The bank’s development is closely tied to the economic progress of South Africa, navigating and adapting to the country’s shifting economic policies and the global financial landscape.
In the 2000s, ABSA underwent significant changes, notably when Barclays Bank PLC acquired a majority stake, integrating ABSA into its global network. This partnership marked a new chapter in ABSA’s history, expanding its international presence. However, in 2017, Barclays reduced its shares in ABSA, leading to a strategic shift and rebranding of ABSA Group Limited in 2018. This move signified ABSA’s renewed focus on its African roots and an independent path forward.
History of ABSA Bank South Africa
ABSA Bank, originally known as Amalgamated Banks of South Africa, was formed through the amalgamation of several financial institutions in the late 1980s and early 1990s. The bank’s history reflects a journey of growth and transformation in South Africa’s financial landscape.
Early Years and Formation
- 1986-1991: Formation through the amalgamation of United, Allied, Volkskas, and Sage banks.
- 1991: Officially named Amalgamated Banks of South Africa (ABSA).
Expansion and Development
- 2000s: Significant expansion, including the acquisition of several smaller banks.
- 2005: Barclays Bank PLC acquired a majority stake, marking a new era in ABSA’s history.
Recent Developments
- 2017: Barclays reduced its shares in ABSA.
- 2018: Rebranding to ABSA Group Limited, signifying independence and a new strategic direction.
Share Price and Company Earnings
ABSA Share Price
The share price of a company is a key indicator of its market valuation and is influenced by various factors including company performance, investor sentiment, market trends, and economic conditions.
Factors Affecting Share Price:
- Company Performance: Earnings reports, profit margins, and growth prospects directly influence investor confidence and, consequently, share prices.
- Economic Indicators: Interest rates, inflation, and GDP growth can affect the banking sector overall and ABSA in particular.
- Market Sentiment: Investor perception of the banking industry and ABSA’s position within it can lead to fluctuations in share price.
- Global Events: Political changes, global economic shifts, and other international events can have an impact.
Find your Nearest Bank
List of ABSA Bank Branches
ABSA Bank operates a vast network of branches across South Africa. Here are some of the key locations:
Major Branches in South Africa
- Johannesburg CBD Branch
- Address: 15 Troye Street, Johannesburg, 2001
- Services: Full-service banking, corporate banking, ATM
- Cape Town Branch
- Address: 132 Adderley Street, Cape Town, 8000
- Services: Retail banking, investment services, ATM
- Durban Branch
- Address: 291 Anton Lembede Street, Durban, 4001
- Services: Personal banking, business banking, ATM
List of Absa Bank Branches in Western Cape
ABSA Bank operates many ABSA branches and ATMs across South Africa. Here are some of the key locations in the Cape Flats and Southern Suburbs.
Prince Albert, Prince Albert Branch
- Address: 29 Church Street Prince Albert Prince Albert
- Operating Hours:
- Monday-Fridays: 08:30 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: 09:00 – 12:00
- Sunday: Closed
- Public holidays: Closed
- Telephone: 023 541 1344
Pinelands, Pinelands Branch
- Address: Shop G54, Howard Centre Cnr Howard Drive And Sheldon Way Pinelands Pinelands
- Operating Hours:
- Monday-Fridays: 08:30 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: 08:00 – 11:00
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 532 5600
Woodstock, Woodstock Branch
- Address: 264 Victoria Road Woodstock Woodstock
- Operating Hours:
- Monday-Fridays: 08:30 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: Temporary Closure
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 442 3000
Rondebosch, Rondebosch Branch
- Address: Shop 1, Riverside Shopping Centre Cnr Belmont And Main Roads Rondebosch Rondebosch
- Operating Hours:
- Monday-Fridays: 09:00 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: Temporary Closure
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 658 4900
Bridge Park Business Bank, Century City Branch
- Address: 1st Floor, Bridge Park Bridge Way Century City Century City
- Operating Hours:
- Monday-Fridays: Temporary Closure (As From 5 October 2020)
- Weekends:
- Saturday: Closed
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 816 4051
Canal Walk, Century City Branch
- Address: Shop 627, Upper Level, Canal Walk Century Boulevard Century City Century City
- Operating Hours:
- Monday-Fridays: 09:00 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: 09:00 – 12:00
- Sunday: Temporary Closure
- Public holidays: Closed
- Telephone: 021 525 2640
Vangate, Bridgetown Branch
- Address: Shop 1, Vangate Mall Cnr Bosduif And Heideveld Road Bridgetown Bridgetown
- Operating Hours:
- Monday-Fridays: 08:30 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: 09:00 – 12:00
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 684 2200
Gugulethu, Guguletu Branch
- Address: Shop 19-21, Gugulethu Square Cnr Steve Biko Street And Ny25 Guguletu Guguletu
- Operating Hours:
- Monday-Fridays: 08:30 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: 09:00 – 12:00
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 630 2020
Cape Town International Airport, Cape Town International Airport Branch
- Address: Shop 14, Cape Town International Airport Airport Ring Road Cape Town International Airport Cape Town International Airport
- Operating Hours:
- Monday-Fridays: 05:00 – 22:00 (As From 5 October 2020)
- Weekends:
- Saturday: Temporary Closure
- Sunday: Temporary Closure
- Public holidays: Closed
- Telephone: 021 935 6260
Lansdowne, Nerissa Estate Branch
- Address: Shop 531, Ar-rasheed Centre Cnr Lansdowne Road And Canary Road Nerissa Estate Nerissa Estate
- Operating Hours:
- Monday-Fridays: 08:30 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: Temporary Closure
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 700 5800
Belhar, Belhar Branch
- Address: Shop 23 – 65, Airport Shopping Centre Cnr Belhar Drive (m180) And Stellenbosch Arterial Road (m12) Belhar Belhar
- Operating Hours:
- Monday-Fridays: 08:30 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: 09:00 – 12:00
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 953 7900
Bellville, Bellville Centre Branch
- Address: 32 Voortrekker Road Bellville Centre Bellville Centre
- Operating Hours:
- Monday-Fridays: 08:30 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: 08:00 – 11:00
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 917 5100
Sanbel, Sanlamhof Branch
- Address: Absa Building, 14 Strand Road Sanlamhof Sanlamhof
- Operating Hours:
- Monday-Fridays: 08:30 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: 09:00 – 12:00
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 957 7800
Parow Centre, Parow East Branch
- Address: Banking Court, Parow Centre Cnr De La Rey Street (m29) And Voortrekker Road Parow East Parow East
- Operating Hours:
- Monday-Fridays: 08:30 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: 09:00 – 12:00
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 929 1900
Kuilsrivier, De Kuilen Branch
- Address: 82 Van Riebeeck Road De Kuilen De Kuilen
- Operating Hours:
- Monday-Fridays: Temporary Closure (As From 5 October 2020)
- Weekends:
- Saturday: Temporary Closure
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 900 4200
Parow, Glen Lily Branch
- Address: 21 Mcintyre Street Glen Lily Glen Lily
- Operating Hours:
- Monday-Fridays: 08:30 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: Temporary Closure
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 936 7400
Zevenwacht, Vredelust Branch
- Address: Shop 124, Zevenwacht Mall Cnr Van Riebeeck Road And Polkadraai Drive (m12) Vredelust Vredelust
- Operating Hours:
- Monday-Fridays: 08:30 – 15:30 (As From 5 October 2020)
- Weekends:
- Saturday: 09:00 – 12:00
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 900 3800
Sanlamhof Etc, Bellrail Branch
- Address: Voortrekker Road Bellrail Bellrail
- Operating Hours:
- Monday-Fridays: Temporary Closure (As From 5 October 2020)
- Weekends:
- Saturday: Closed
- Sunday: Closed
- Public holidays: Closed
- Telephone: 021 957 7800
Rustenburg Plaza, Rustenburg CBD Branch
Address: Rustenburg Plaza, President Mbeki Drive, Rustenburg CBD
Operating Hours:
Monday-Fridays: 08:30 – 15:30
Weekends:
Saturday: 08:00 – 11:00
Sunday: Closed
Public holidays: Closed
Telephone: 014 590 6800
