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You are here: Home / Archives for ABSA

ABSA

16 September 2024

Absa RUN YOUR CITY JOBURG 10K Recommends City Transport for a Smooth Race Day Experience

Location: MyPR

The 2024 Absa RUN YOUR CITY Series will reach an exciting conclusion on National Heritage Day (Tuesday 24 September 2024) as 11 500 runners take to the streets of Johannesburg for the iconic Absa RUN YOUR CITY JOBURG 10K. To ensure a seamless race day experience, event organisers are urging participants to make use of …

Read moreAbsa RUN YOUR CITY JOBURG 10K Recommends City Transport for a Smooth Race Day Experience
12 September 2024

Limpopo Teacher Scammed Out of Her Savings

Location: News

Thebe Investment Corporation warns against fraudsters using its name

Read moreLimpopo Teacher Scammed Out of Her Savings
10 September 2024

Sosibo Targets Maiden Absa RUN YOUR CITY Series Podium Finish in Joburg

Location: MyPR

Fresh off a silver medal at the ASA Cross Country Championships, Cacisile Sosibo is now focused on adding another podium finish to her accomplishments, aiming for success at the Absa RUN YOUR CITY JOBURG 10K on National Heritage Day, Tuesday, 24 September 2024. Sosibo claimed the runner-up position behind Cian Oldknow in the senior women’s …

Read moreSosibo Targets Maiden Absa RUN YOUR CITY Series Podium Finish in Joburg
3 September 2024

Mulaudzi Confident of Third Successive Absa RUN YOUR CITY Series Podium Finish, This Time in Joburg

Location: MyPR

Kabelo Mulaudzi is confident of yet another podium finish when he takes on the Absa RUN YOUR CITY JOBURG 10K on National Heritage Day, Tuesday 24 September 2024. The Boxer Athletics Club top runner is encouraged by his current shape after claiming third place at the Absa RUN YOUR CITY TSHWANE 10K on 25 August. …

Read moreMulaudzi Confident of Third Successive Absa RUN YOUR CITY Series Podium Finish, This Time in Joburg
26 August 2024

Absa RUN YOUR CITY Series to Deliver a Thrilling 2024 Finale in Joburg on Heritage Day

Location: MyPR

The streets of Jozi are set to come alive with athletic energy and community spirit on Tuesday, 24 September 2024, as thousands of runners gather to participate in one of the city’s most iconic Heritage Day celebrations, the iconic Absa RUN YOUR CITY JOBURG 10K. “The final event in a series of five, the Absa …

Read moreAbsa RUN YOUR CITY Series to Deliver a Thrilling 2024 Finale in Joburg on Heritage Day
26 August 2024

2024 Kneeboard World Champions Crowned in epic conditions at Jeffreys Bay

Location: MyPR

Jeffreys Bay, South Africa – Jeffreys Bay lit up with perfectly reeling, overhead 6ft waves for the 2024 Kneeboard World Champions  Finals Day of the CineFX Kneeboard Surfing World Titles 2024 creating the perfect arena for the best kneeboard surfers in the world to battle it out for the coveted World Title. With the stage …

Read more2024 Kneeboard World Champions Crowned in epic conditions at Jeffreys Bay
25 August 2024

Course Records for Xaba and Mofolo as Thousands Celebrate ABSA Run Your City Tshwane 10K

Location: MyPR

South African 10km sensation Glenrose Xaba delivered a career-defining performance this morning (Sunday 25 August 2024) at the Absa RUN YOUR CITY TSHWANE 10K, blazing through the course in a remarkable 31:51. This marks her third sub-32-minute finish this year, solidifying her status as one of the country’s best elite women of all times. The …

Read moreCourse Records for Xaba and Mofolo as Thousands Celebrate ABSA Run Your City Tshwane 10K
20 August 2024

Xaba aims to cement her dominance with an Absa RUN YOUR CITY Series win in Tshwane

Location: MyPR

South African national record holder Glenrose Xaba is gearing up for her fourth race of the month as she prepares to compete in the highly anticipated Absa RUN YOUR CITY TSHWANE 10K on Sunday, 25 August 2024. Xaba, the reigning SA champion in the 5000m and 10,000m events, has been in exceptional form over the …

Read moreXaba aims to cement her dominance with an Absa RUN YOUR CITY Series win in Tshwane
19 August 2024

Absa RUN YOUR CITY Series is set to bring the Sparkle to the streets of Tshwane!

Location: MyPR

The streets of the Jacaranda City are guaranteed to sparkle as residents, event organizers, sponsors, and partners join forces for a fun and rewarding “City Clean Up” on Saturday, 24 August 2024 starting at the Absa Lilian Ngoyi Branch at 08:30, just one day before the iconic Absa RUN YOUR CITY TSHWANE 10K. “The City …

Read moreAbsa RUN YOUR CITY Series is set to bring the Sparkle to the streets of Tshwane!
13 August 2024

Absa’s Webber to Highlight Environmental Social Governance (ESG) and Investment Trends in African Critical Minerals at Critical Minerals Africa (CMA) 2024

Location: News
Energy Capital & Power

Mining company African Rainbow Minerals (https://apo-opa.co/46M4tND) reached an agreement last September with financial services company Absa – along with finance institutions Standard Bank, the Development Bank of South Africa and Nedbank – to provide finance for the construction of a 132 MW solar project. The move is set to provide renewable energy to platinum mining projects in South Africa through power purchase agreements (PPAs). 

To support the growth of South Africa and Africa's critical mineral industry, Absa is participating in this year's Critical Minerals Africa (CMA) 2024 summit. Shirley Webber, Coverage Head of Resources & Energy at Absa Corporate and Investment Banking – an Absa subsidiary –, will discuss the firm's contributions and investment strategy in the African critical mineral sector. 

The Critical Minerals Africa 2024 summit on November 6-7 serves to position Africa as the primary investment destination for critical minerals. The event is held alongside the African Energy Week: Invest in African Energy 2024 conference on November 4-8, offering delegates access to the full scope of energy, mining and finance leaders in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com. 

Absa is a major player in Africa's critical mineral industry, providing direct financing to project developers, while supporting critical mineral mining projects through long-term PPAs. The institution is arranging a $120 million debt facility to support platinum group metal (PGM) mining firm Pensana's (https://apo-opa.co/4fTeBZo) strategy to achieve first PGM production in South Africa by 2025. Absa also partnered with French financial services firm Société Générale in March 2023 to raise $130 million in funding to support PGM and chrome-producer Tharisa (https://apo-opa.co/46HEd76) with its mining operations in South Africa. 

Absa has positioned itself as a key driver of environmental social governance (ESG) and skills and capacity building within Africa's critical mineral sector as the global mining industry prioritizes environmental sustainability and local content development. In May 2023, Absa closed a $562.4 million sustainability-linked green bond for mining firm Harmony Gold, enabling the company to expand production and reduce its carbon footprint at its gold and copper projects across Africa. As such, Webber is expected to use the CMA 2024 platform to highlight how Absa is driving ESG projects across Africa's critical mineral sector. 

“Companies like Absa have positioned themselves as key enablers of Africa's critical mineral industry growth by simplifying access to capital for project developers. As demand for Africa's energy transition metals grows and global markets prioritize environmental sustainability, the capital and ESG expertise provided by Absa will be crucial,” stated Rachelle Kasongo, Project Director at CMA 2024 organizer Energy Capital & Power. 

Distributed by APO Group on behalf of Energy Capital & Power.

Media files
Energy Capital & Power
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Read moreAbsa’s Webber to Highlight Environmental Social Governance (ESG) and Investment Trends in African Critical Minerals at Critical Minerals Africa (CMA) 2024
6 August 2024

Khatala targets podium finish at Absa RUN YOUR CITY TSHWANE 10K

Location: MyPR

After coming within just two seconds of breaking her own national record at the Totalsports Women’s Race in Durban on Sunday, Neheng Khatala (Lesotho) is brimming with confidence as she prepares for the Absa RUN YOUR CITY TSHWANE 10K on Sunday 25 August. Lesotho’s fastest female 10km athlete clocked 32:03 to claim third place during …

Read moreKhatala targets podium finish at Absa RUN YOUR CITY TSHWANE 10K
5 August 2024

Gautrain partners with Absa RUN YOUR CITY Series for seamless Race Day travel between Tshwane and Joburg

Location: MyPR

In 2024, the Absa RUN YOUR CITY Series is set to further elevate the runner’s experience in Tshwane and Joburg by welcoming the Gautrain as the Official Transport Partner. The events in Tshwane and Joburg will take place in the vibrant cities on Sunday, 25 August 2024, and Tuesday, 24 September 2024, respectively. “We are …

Read moreGautrain partners with Absa RUN YOUR CITY Series for seamless Race Day travel between Tshwane and Joburg
30 July 2024

Defending Champion Kabelo Mulaudzi stays cool under pressure ahead of Absa RUN YOUR CITY TSHWANE 10K

Location: MyPR

After achieving the fastest 10km time of his career with a second-place finish at the iconic Absa RUN YOUR CITY DURBAN 10K on 7 July 2024, Kabelo Mulaudzi is confident in his chances of successfully defending his title at the Absa RUN YOUR CITY TSHWANE 10K on Sunday, 25 August. Mulaudzi’s confidence soared with his …

Read moreDefending Champion Kabelo Mulaudzi stays cool under pressure ahead of Absa RUN YOUR CITY TSHWANE 10K
30 July 2024

SA All-Comers Record Holder, Christine Njoki sets her sights on the Totalsports Women’s Race in Durban

Location: MyPR

Exactly one month after setting a new South African all-comers record and personal best at the Absa RUN YOUR CITY DURBAN 10K, Kenya’s Christine Nalimo Njoki will be aiming for an even more impressive performance when she competes in one of South Africa’s most iconic Women’s Month celebrations, the Totalsports Women’s Race in Durban, this …

Read moreSA All-Comers Record Holder, Christine Njoki sets her sights on the Totalsports Women’s Race in Durban
29 July 2024

Kavanagh takes on East Africans at the Totalsports Women’s Race in Durban

Location: MyPR

The Totalsports Women’s Race in Durban is set to feature its most competitive lineup yet on Sunday, 04 August 2024. Local favorite Tayla Kavanagh will go head-to-head with formidable opponents such as Ethiopia’s Debash Desta and Selam Gebre, along with Kenya’s Marion Chepkoech. “The fact that the Totalsports Women’s Race is a women’s-only event is …

Read moreKavanagh takes on East Africans at the Totalsports Women’s Race in Durban
29 July 2024

Cancer survivor excited to #RunYourCity in Joburg and Tshwane in support of CANSA Active

Location: MyPR

Nono Zwane, a cancer survivor from Centurion, has set an inspiring goal of raising R10,000 for CANSA, as a CANSA Active Ambassador by taking on the iconic Absa RUN YOUR CITY TSHWANE 10K on Sunday, 25 August 2024, and the Absa RUN YOUR CITY JOBURG 10K on Tuesday, 24 September 2024. At 36, Zwane received …

Read moreCancer survivor excited to #RunYourCity in Joburg and Tshwane in support of CANSA Active
23 July 2024

Absa RUN YOUR CITY Series set to bring the vibe to the streets of Tshwane in August

Location: MyPR

The streets of Tshwane will be transformed into a playground of athletic prowess and community spirit on Sunday, 25 August 2024 when thousands of runners gather to be part of the action of the iconic Absa RUN YOUR CITY TSHWANE 10K. Expect cheers, challenges, and a vibrant atmosphere that embodies the essence of Tshwane’s running …

Read moreAbsa RUN YOUR CITY Series set to bring the vibe to the streets of Tshwane in August
23 July 2024

Ethiopia’s Diniya Kedir Abaraya set for triple the action at the 2024 Totalsports Women’s Race

Location: MyPR

No stranger to South African shores, Ethiopia’s Diniya Kedir Abaraya will make her Totalsports Women’s Race debut in 2024. She’ll do so in style by participating in all three iconic races: Durban on Sunday, August 4th; Cape Town on Friday, August 9th; and Joburg on Saturday, August 17th. Boasting a personal best 10km time of …

Read moreEthiopia’s Diniya Kedir Abaraya set for triple the action at the 2024 Totalsports Women’s Race
23 July 2024

Enter the Absa RUN YOUR CITY JOBURG 10K for a Chance to Win a Chery Tiggo 4 Pro LiT!

Location: MyPR

The iconic Absa RUN YOUR CITY JOBURG 10K will celebrate its 7th anniversary on National Heritage Day, Tuesday, 24 September 2024. To mark this special occasion, event organisers Stillwater Sports, in partnership with Chery South Africa, will give away a Chery Tiggo 4 Pro LiT vehicle, valued from R279,000, to one lucky entrant. “We are …

Read moreEnter the Absa RUN YOUR CITY JOBURG 10K for a Chance to Win a Chery Tiggo 4 Pro LiT!
23 July 2024

Enter the Absa RUN YOUR CITY JOBURG 10K for a Chance to Win a Chery Tiggo 4 Pro LiT!

Location: MyPR

The iconic Absa RUN YOUR CITY JOBURG 10K will celebrate its 7th anniversary on National Heritage Day, Tuesday, 24 September 2024. To mark this special occasion, event organisers Stillwater Sports, in partnership with Chery South Africa, will give away a Chery Tiggo 4 Pro LiT vehicle, valued from R279,000, to one lucky entrant. “We are …

Read moreEnter the Absa RUN YOUR CITY JOBURG 10K for a Chance to Win a Chery Tiggo 4 Pro LiT!
19 July 2024

Get connected at the 2024 Ignition Group Polocrosse World Cup!

Location: MyPR

Driving digital connectivity and growth in South Africa July 2024 – Over the past 22 years, Ignition Group – title sponsors of the 2024 Polocrosse World Cup – has built an ecosystem of businesses covering the mobile telecoms and broadband industries, financial services, digital marketplaces, customer experience, and global business solutions – each playing a …

Read moreGet connected at the 2024 Ignition Group Polocrosse World Cup!
16 July 2024

R430,000 in Local Athlete Incentives to be paid out following the 2024 Absa RUN YOUR CITY DURBAN 10K

Location: MyPR

An impressive total of R430,000 in incentives will be paid out in recognition of the incredible achievements of local athletes at the 7th edition of the iconic Absa RUN YOUR CITY DURBAN 10K that was held on Sunday, 7 July 2024. The 2024 Absa RUN YOUR CITY DURBAN 10K will be remembered as a historic …

Read moreR430,000 in Local Athlete Incentives to be paid out following the 2024 Absa RUN YOUR CITY DURBAN 10K
11 July 2024

Government working hard to prevent cybercrime – Ntshavheni

Location: News

Government working hard to prevent cybercrime - Ntshavheni

Minister in the Presidency Khumbudzo Ntshavheni has assured the public of government’s commitment to prevent cybercrime.

This follows the recent media statement issued by Public Works and Infrastructure Minister Dean Macpherson, in which he said about R300 million was allegedly siphoned off from DPWI through cybercrime in the past 10 years. 

The statement continued to say the cyber attackers again stole R24 million in May this year.

According to the statement, the revelation emerged as Minister Dean Macpherson and Deputy Minister Sihle Zikalala were conducting detailed assessments on the work of the department and through the incoming briefings from department branches.

“I cannot discount the possibility of collusion between officials and criminals in this prolonged period of theft. It is clear that we need better financial controls, which I have said to the department are a matter of urgency,” Macpherson said in the statement.

Following the discovery, four DPWI officials have been suspended and 30 laptops seized by investigators. 

The four officials suspended include three senior management officials and one middle management official.

In May, the department announced that it had ordered a full forensic probe into what it called vulnerabilities in the department’s information and technology systems.

The department identified the cyber-security vulnerabilities with the assistance of its banking partners, including ABSA and the South African Reserve Bank.

The investigation, which involves cyber and ICT security experts, covers the following:

•           Causes of the breach and vulnerabilities. 

•           Vulnerability and susceptibility to cyber-crime of the ICT infrastructure within the department.

•           Lack of staff capacity and  weak ICT systems.

Ntshavheni said the State Security Agency (SSA) has been inundated with media enquiries following the statement from the DPWI.

“The investigation is ongoing, and investigating teams were urged to work with speed to conclude their work without compromising the required thoroughness of the investigation,” Ntshavheni said. 

She said the SSA continues to provide support and advice to government departments on cybersecurity. 

“The SSA is finalising a consolidated assessment on government's cybersecurity strengths and initiatives underway to address any weaknesses found in the system,” Ntshavheni said. 

Ntshavheni said once the report has been completed, it will be submitted to the National Security Council for further processing and direction. – SAnews.gov.za

 

 

 

 

Edwin
Thu, 07/11/2024 - 09:30

518 views
Read moreGovernment working hard to prevent cybercrime – Ntshavheni
10 July 2024

DPWI investigates theft of R300 million

Location: News

DPWI investigates theft of R300 million

The Department of Public Works and Infrastructure (DPWI) Minister Dean Macpherson has decided to take the public into his confidence in the interests of transparency to reveal a staggering cyber-crime which involves R300 million being stolen in the past 10 years.

In the latest incident that took place in May 2024, the cyber-attackers stole a further R24 million. This prompted a full forensic investigation by the Hawks, South African Police Services, State Security Agency and experts in the ICT and cyber security industry.

This revelation emerged as Minister Dean Macpherson and Deputy Minister Sihle Zikalala, conducted detailed assessments on the work of the department and through the incoming briefings from departmental branches.

“It has become clear that the department has been a soft target and playground for cyber criminals for over a 10-year period and this should have been picked up a lot earlier. I felt it important to let South Africa know what has happened and what we are doing about it,” Macpherson said.

“I cannot discount the possibility of collusion between officials and criminals in this prolonged period of theft. It is clear that we need better financial controls which I have said to the department are a matter of urgency,” the Minister said.

The Minister has pledged to crack down on these syndicates and those in cahoots with them internally or externally. 

“We want to put a stop to this immediately because we cannot allow our department to be subjected to unchecked looting. This is money that could have been spent on our infrastructure drive to improve the lives of South Africans. 

“The investigation will be expanded and deepened to find the masterminds and the beneficiaries of this grand theft, and I want to see them in prison,” Macpherson said. 

Suspensions and seizures

Four officials have been suspended and 30 laptops seized by the investigators.  The four DPWI officials suspended include three senior management officials and one middle management official. 

The department was forced to shut down all its payment systems causing significant delays in the payment of its creditors.

In May, the department announced that it has ordered a full forensic probe into what it called vulnerabilities in the department’s information and technology systems.

The department identified the cyber-security vulnerabilities with the assistance of its banking partners, including ABSA and the South African Reserve Bank.

The investigation which involve cyber and ICT security experts covers the following:

•    Causes of the breach and vulnerabilities. 
•    Vulnerability and susceptibility to cyber-crime of the ICT infrastructure within the department
•    Lack of staff capacity and weak ICT systems

“I welcome the precautionary suspension of four individuals, including senior managers, and the seizure of over 30 laptops for further examination by the investigative teams. This will allow the investigations to proceed smoothly. 
“We are appealing to the team probing this security breach to conclude their investigation with speed. We do not want prolonged investigations with no results and consequences. There is simply no place for corruption in this department,” Macpherson said.

“I further welcome the initial swift investigation launched by my predecessor and now Deputy Minister Zikalala. The department has suffered a massive financial loss and those responsible for protecting us from cyber criminals must be held to account. 

“We need answers as to what happened under their watch.  We also ask the investigators to trace and follow the money and ensure that it is brought back to the coffers of government,” the Minister said.

The Minister has committed himself to work tirelessly to ensure the reinforcement of the cyber security systems within the department so that similar incidents are prevented in future. – SAnews.gov.za

 

Edwin
Wed, 07/10/2024 - 10:36

494 views
Read moreDPWI investigates theft of R300 million
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