Latest news with #ABSA
The South African
20 hours ago
- General
- The South African
The Daily Lotto results for Friday, 27 June 2025
Get Ready for Today's Daily Lotto Draw! Could tonight be your lucky night? Good Luck! 🎉 Dreaming of a big win? The Daily Lotto jackpot is up for grabs, and it's estimated at a thrilling R600 000! The jackpot prize money is guaranteed to be given away even if no one matches all five numbers. All it takes is a ticket to turn your dreams into reality because as the saying goes, you've got to be in it to win it! 📢 Stay tuned! The winning numbers will be updated below as soon as they're drawn at or after 21:15. 0, 0, 0, 0, 0 Draw date: 27 June 2025 Did you miss a draw and wonder if you won? Click here to view past Daily Lotto results and payouts. The Daily Lotto draws occur every day of the week, Monday to Sunday, around 21:30 (SA time). Buy your tickets now at your nearest participating retailer, on our website by visiting national using your computer or mobile site, via the National Lottery Mobile App, or participating banks, namely FNB, ABSA, Nedbank, Standard Bank, Capitec, TymeBank and African Bank otherwise dial 120 7529# for USSD. Winners who win R50 000 and above receive free trauma counselling from professional psychologists and financial advice from accredited financial advisors absolutely free. At the same time, winnings are paid tax-free directly into the winner's accounts. If you are buying tickets from a lottery outlet, they close at 20:30 on the day of a draw. Players must be 18 years old. Monday: Daily Lotto Daily Lotto Tuesday: Daily Lotto + PowerBall and PowerBall Plus Daily Lotto + PowerBall and PowerBall Plus Wednesday: Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Thursday: Daily Lotto Daily Lotto Friday: Daily Lotto + PowerBall and PowerBall Plus Daily Lotto + PowerBall and PowerBall Plus Saturday: Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Sunday: Daily Lotto For more details and to verify the winning numbers, visit the National Lottery website. You must always confirm the official winning numbers on the National Lottery website. We do our best to post the results as accurately as possible, but the National Lottery is the only source you can use to 100% verify the results. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
IOL News
a day ago
- Business
- IOL News
Absa Group anticipates mid-teens earnings growth for the first half of 2025
Absa's management said its South Africa operations were expected to drive group earnings growth in the six months to June 30, 2025, mostly due to lower credit impairments as net interest income growth is muted. Strong pre-provision profit growth in Africa regions was anticipated, partially offset by higher credit impairments. Image: Supplied ABSA Group said on Friday it expected earnings to grow by the mid-teens in the six months to June 30, while its return on equity would likely improve to 14.6% from 14% in the first half a year ago. ABSA's share price climbed 2.87% to R175.85 in the afternoon, well ahead of the JSE Banks Index, which was up 1.19% at the same time, and over 10% higher than the bank's share price a year ago. The lender's management said in a trading update that they anticipate mid-single-digit revenue growth in the first half, with higher growth in non-interest income compared to net interest income. Geographically, its South Africa business was expected to drive group earnings growth, primarily due to lower credit impairments, as net interest income growth remains muted. Strong pre-provision profit growth in African regions was anticipated, partially offset by higher credit impairments. Continuing the trend from the second half of 2024, group net interest income growth was expected to be muted, given mid-single-digit loan growth and some margin compression, particularly in South Africa. High single-digit non-interest income growth was expected, with strong trading revenue. Net fee and commission income growth was anticipated to be in the mid-single digits, while net insurance income growth was likely to be modest. Operating expenses growth is expected to be in the mid-single digits, producing low to mid-single-digit pre-provision profit growth, and a slightly higher cost-to-income ratio than 52.7% in the first half of 2024. The credit loss ratio is expected to improve to around the top end of the bank's target range of 75 to 100 basis points, down from 123 basis points in the first half of 2024. The bank's management said the global economic environment remains uncertain and volatile, with increased trade tensions and geopolitical developments reducing growth expectations. 'Across our presence markets, lower inflation has resulted in policy rate cuts in most countries. GDP growth expectations for 2025 have declined in all our countries besides Ghana. Contrary to our expectation, average exchange rates in our African regions did not depreciate against the Rand and has not been a drag on group earnings during 1H25.' From a divisional perspective, strong earnings growth was expected from the re-organised Personal and Private Banking, driven by lower credit impairments, while revenue growth remains muted due to modest industry loan growth and a reduction in our risk appetite for personal loans. In Business Banking, low revenue growth and a higher credit loss ratio was expected to reduce earnings. Corporate and Investment Banking was anticipated to benefit from lower credit losses and strong trading revenue, while net interest income growth remains muted.
The Citizen
a day ago
- The Citizen
ATM bombing rocks Ga-Nala in early hours of the morning
ATM bombing rocks Ga-Nala in early hours of the morning Kriel police are urgently appealing to the public for any information that could help trace a group of armed individuals who bombed an ABSA ATM early this morning at the Kwikspar Complex on Mooilaan. According to Kriel Police Station spokesperson Constable Angel Makubo, the incident occurred at approximately 01:30. It is believed that eight to 10 heavily armed men used explosives to destroy the ATM and fled the scene with an undisclosed amount of money. Initial reports suggest that a security guard on duty heard gunshots, followed by a massive explosion and more gunfire. When it became quiet, he discovered that the ATM had been bombed and that the suspects had already fled the scene. No injuries were reported, and no arrests have been made. Breaking news at your fingertips … Follow WITBANK NEWS on our website, Facebook, Twitter, Instagram or TikTok Chat to us: info@ At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
The South African
2 days ago
- General
- The South African
The Daily Lotto results for Thursday, 26 June 2025
Get Ready for Today's Daily Lotto Draw! Could tonight be your lucky night? Good Luck! 🎉 Dreaming of a big win? The Daily Lotto jackpot is up for grabs, and it's estimated at a thrilling R500 000! The jackpot prize money is guaranteed to be given away even if no one matches all five numbers. All it takes is a ticket to turn your dreams into reality because as the saying goes, you've got to be in it to win it! 📢 Stay tuned! The winning numbers will be updated below as soon as they're drawn at or after 21:15. 0, 0, 0, 0, 0 Draw date: 26 June 2025 Did you miss a draw and wonder if you won? Click here to view past Daily Lotto results and payouts. The Daily Lotto draws occur every day of the week, Monday to Sunday, around 21:30 (SA time). Buy your tickets now at your nearest participating retailer, on our website by visiting national using your computer or mobile site, via the National Lottery Mobile App, or participating banks, namely FNB, ABSA, Nedbank, Standard Bank, Capitec, TymeBank and African Bank otherwise dial 120 7529# for USSD. Winners who win R50 000 and above receive free trauma counselling from professional psychologists and financial advice from accredited financial advisors absolutely free. At the same time, winnings are paid tax-free directly into the winner's accounts. If you are buying tickets from a lottery outlet, they close at 20:30 on the day of a draw. Players must be 18 years old. Monday: Daily Lotto Daily Lotto Tuesday: Daily Lotto + PowerBall and PowerBall Plus Daily Lotto + PowerBall and PowerBall Plus Wednesday: Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Thursday: Daily Lotto Daily Lotto Friday: Daily Lotto + PowerBall and PowerBall Plus Daily Lotto + PowerBall and PowerBall Plus Saturday: Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Sunday: Daily Lotto For more details and to verify the winning numbers, visit the National Lottery website. You must always confirm the official winning numbers on the National Lottery website. We do our best to post the results as accurately as possible, but the National Lottery is the only source you can use to 100% verify the results. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
3 days ago
- General
- The South African
The Daily Lotto results for Wednesday, 25 June 2025
Get Ready for Today's Daily Lotto Draw! Could tonight be your lucky night? Good Luck! 🎉 Dreaming of a big win? The Daily Lotto jackpot is up for grabs, and it's estimated at a thrilling R500 000! The jackpot prize money is guaranteed to be given away even if no one matches all five numbers. All it takes is a ticket to turn your dreams into reality because as the saying goes, you've got to be in it to win it! 📢 Stay tuned! The winning numbers will be updated below as soon as they're drawn at or after 21:15. 0, 0, 0, 0, 0 Draw date: 25 June 2025 Did you miss a draw and wonder if you won? Click here to view past Daily Lotto results and payouts. The Daily Lotto draws occur every day of the week, Monday to Sunday, around 21:30 (SA time). Buy your tickets now at your nearest participating retailer, on our website by visiting national using your computer or mobile site, via the National Lottery Mobile App, or participating banks, namely FNB, ABSA, Nedbank, Standard Bank, Capitec, TymeBank and African Bank otherwise dial 120 7529# for USSD. Winners who win R50 000 and above receive free trauma counselling from professional psychologists and financial advice from accredited financial advisors absolutely free. At the same time, winnings are paid tax-free directly into the winner's accounts. If you are buying tickets from a lottery outlet, they close at 20:30 on the day of a draw. Players must be 18 years old. Monday: Daily Lotto Daily Lotto Tuesday: Daily Lotto + PowerBall and PowerBall Plus Daily Lotto + PowerBall and PowerBall Plus Wednesday: Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Thursday: Daily Lotto Daily Lotto Friday: Daily Lotto + PowerBall and PowerBall Plus Daily Lotto + PowerBall and PowerBall Plus Saturday: Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Sunday: Daily Lotto For more details and to verify the winning numbers, visit the National Lottery website. You must always confirm the official winning numbers on the National Lottery website. We do our best to post the results as accurately as possible, but the National Lottery is the only source you can use to 100% verify the results. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
