THE Absa group announced a turnaround plan for its 61% held microlending company Unifer on Thursday which was recently found to have a R1,5 billion shortfall in provisions. The shortfall led Unifer to ...

Johannesburg - Absa Group Chief Executive Nallie Bosman said on Thursday that UniFer management had consistently misrepresented its situation to its board, on which Absa members sit. Bosman made the ...

Johannesburg - Retail bank Absa said on Wednesday its annual earnings could fall by a quarter after the collapse of its majority-owned UniFer small-loans unit, which it now plans to take over. But ...

In many circles Unifer is still a swearword; an example of the excess and the over exuberant lending that led to the small banks crisis of 2002. But, just five years later, the level of credit ...

The dazzling performance by South African banking group Absa for the year to the end of March which saw the group boost headline profits by more than 80% shows that it has fully recovered from the ...

Come Today. Come Tomorrow. They'll be with us. Today. Tomorrow. Together. Janice Spark of Idea Engineers looks at ABSA's come back trail. ABSA has quite a challenge. Before Unifer reared its ugly head ...

FAILED microlending group Unifer's profit for the 2001 financial year might have been overstated by 10%, or more than R20m, as it booked profit from a rival company, Real People Holdings (RPH), which ...

ABSA and Unifer are working to integrate Unifer's microloan book into Absa's mass market flexibanking operation with the aim of building a "high-integrity" banking business at the bottom end of the ...