Wine and dine, powered by sunshine
South African consumers are allocating more and more of their budgets to travel and entertainment, in
line with global trends. Many locals and tourists enjoy the hospitality of our outstanding eateries along
the Cape Wine Route. Look closer and you will see that many are producing their own electricity by using
solar power. Absa finances the construction of renewable energy systems for businesses, with many
projects showing good financial viability and return on investment. Industries and sectors that maximise
on these opportunities are medium-intensity electricity users, such as light manufacturing, retail,
financial, commerce and services.
Developing the thought-leaders of tomorrow
University of
Stellenbosch
Every year, Absa awards bursaries to deserving students across the country who are
pursuing their tertiary studies in fields relating to sectors in which the company operates,
including Computer Science, Information Technology (IT), Law, Statistics, Risk Management,
Mathematics and Industrial Engineering. In the past two years, Absa has funded over 6 500
university scholarships for young people across Africa. For us, it is about investing in young
professionals early in their career development.
Wheels on the journey
Elgin: The CEO of apples,
wine, food and beauty
Did you know that the agricultural
industry of the Western Cape
contributes up to 22% of the overall
agricultural GDP of South Africa? Of
the world’s total exports, South Africa
exports 9% of the citrus, 6% of the table
grapes, 5% of all pome fruit and 2% of
the world’s best quality wine. Although
agriculture contributes only 2.6% to
South Africa’s total economic growth,
the sector employs more people than
mining. Our horticulture and viticulture
industries are world-renowned, and
agriculture is one of the fastest
growing sectors of our economy. Absa
is committed to creating an enabling
environment for local producers to
thrive, providing insights and advice
from local and global experts in the
industry.
Did you know that the majority of cars bought by South Africans
are manufactured locally? With over 350 models built locally,
the sector continues to play an important role for the economy
and consumers. We see that artificial intelligence is increasingly
allowing better insights into vehicle usage by consumers willing to
pay for technologies that improve safety, security, connectivity and
fuel efficiency. Absa offers a comprehensive range of personal and
commercial asset finance solutions.
Offshore investments
During the past two years, investors have increasingly diversified via offshore
platforms to reduce the overall risk to their portfolios. Diversifying investment
portfolios by including fewer related asset classes maintains or even increases the
value of the overall investment portfolio. It makes sense not to have all your eggs
in one basket. This spreading is a buffer against rand volatility and reduces the
risk exposure associated with a portfolio over time. Absa’s personal and business
international solutions are tailored to suit the investment needs of our clients.