Absa opens non-banking subsidiary in China
Monday, May 13, 2024 | 670 Views |
Absa Bank enters Chinese Market
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.
More than P8.1 million has already been spent, yet there appears to be no lasting solution in sight. This is not simply a dispute between the DIS and a group of officers. It is a matter of public accountability. Every pula spent by government comes from taxpayers who expect public funds to be used wisely and responsibly, especially during economic hardships faced by many.The officers exercised their constitutional right to seek justice through...