the monitor

Absa opens non-banking subsidiary in China

Absa Bank enters Chinese Market
Absa Bank enters Chinese Market

Absa Group says it has launched a non-banking subsidiary in the People’s Republic of China, a move that fortifies the vital economic bridge between Africa and China.

According to the banking giants, its office in China will operate under a wholly foreign-owned enterprise licence.

The licensing regime permits the financial institution to provide general advisory services to clients based in China for concluding transactions across the African continent, as a non-banking subsidiary of Absa Group Limited.

Editor's Comment
Child protection needs more than prevailing laws

The rise in defilement and missing persons cases, particularly over the recent festive period, points not merely to a failure of policing, but to a profound and widespread societal crisis. Whilst the Police chief’s plea is rightly directed at parents, the root of this emergency runs deeper, demanding a collective response from every corner of our community. Marathe’s observations paint a picture of neglect with children left alone for...

Have a Story? Send Us a tip
arrow up