Absa Bank Ltd (Absa), member of Barclays, has been reappointed as the financial solutions and services provider of the Cacadu District Municipality. The reappointment has allowed Absa to consolidate its position as a significant financial solutions provider in the public sector market, and in particular the Eastern Cape Province.
Absa is proud to continue its 20-year partnership with the municipality and assist with the mandate to provide equitable and affordable services and sustainable socio-economic development for communities in the district.
“This tender extension is confirmation of the Municipality’s confidence in Absa as the ‘Go-To’ public sector financial services solutions provider. Absa has banked the Cacadu Municipality for more than twenty years, helping it to achieve sustainable economic development as well as elevating the quality of life of the people it serves,” says Stephen Seake, Head of Public Sector Coverage, South Africa.
“We are pleased to play a role in assisting the Cacadu District Municipality to achieve its priorities, reach its economic development goals and provide essential services for its consumers. We are looking forward to further growing this partnership and strengthening our presence in the Eastern Cape Province through the provision of innovative financial solutions,” concludes Seake.
Absa already banks a number of municipalities in the Eastern Cape, including the Buffalo City and Nelson Mandela Bay metros. Every business relationship with the public sector is important to Absa in building partnerships with government institutions so that we become more than just a banker to them. The bank seeks to play an important part in helping local government entities in fulfilling their challenging mandate of delivering services to communities.
Absa was chosen for, among other factors, its cash management solutions, online banking platforms and commitment to making the lives of its customers much easier through solutions-driven services, as well as meeting their needs to optimise business operations and costs.
Thembi Klaas, Provincial Head of Public Sector, Corporate and Investment Banking, Eastern and Southern Cape can be contacted on 073 464 0807.