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Absa awarded tender for Oudtshoorn Municipality  

 9/10/2014 

Absa Bank Ltd (Absa), member of Barclays, has been appointed as the financial solutions and services provider for the Oudtshoorn Municipality. The appointment allows Absa to consolidate its position as a significant financial solutions provider in the public sector market, and in particular in the Eastern and Southern Cape.

Absa is proud to partner with the Oudtshoorn Municipality to support its mandate to provide equitable and affordable services and sustainable socio-economic development for communities in the area.

This tender announcement is confirmation of the Municipality's confidence in Absa as the 'Go-To' public sector financial services solution, helping it to achieve sustainable economic development as well as elevating the quality of life of the people which the Municipality serves, says Stephen Seaka, Head of Public Sector Coverage, South Africa, Corporate and Investment Banking, Absa.

We are pleased to play a role in assisting the Oudtshoorn 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 and Southern Cape Province through the provision of innovative financial solutions, added Seaka.

Absa already banks a number of municipalities in the Eastern and Southern Cape, including the Buffalo City and Nelson Mandela Bay metros, George Municipality, Laingsburg Municipality and Prince Albert Municipality.

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, concluded Seaka.

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 Public Sector Coverage, Corporate and Investment Banking, Absa Eastern and Southern Cape, can be contacted on 073 464 0807073 464 0807 or thembi.klaas@absacapital.com

Ends.

For further information, please contact:
Cathy Schwarz
Communication Manager
Tel: 082 452 8246082 452 8246
Email: cathys@absa.co.za

About Barclays Africa Group Limited
Barclays Africa Group Limited (Barclays Africa or the Group), is listed on the JSE Limited and is one of Africa's largest financial services groups. We are uniquely positioned as a fully global, fully regional and fully local bank. We combine our global product knowledge with regional expertise and our extensive and well-established local presence in Africa to serve our customers and clients even better. We offer personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance.

Our Group was formed by combining Absa Group Limited and the majority of Barclays Africa operations on 31 July 2013. Reflecting the enlarged Group's Pan-African focus, our name changed from Absa Group Limited to Barclays Africa Group Limited on 2 August 2013.

At 30 June 2014, we had 847,8 million shares in issue and a market capitalisation of R136,9 billion. We operate in 12 countries and have 12 million customers, total assets of R977,8 billion; 10 749 automated teller machines, 1 287 branches and more than 42 000 permanent employees.

Our registered head office is in Johannesburg, South Africa and we have majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria. Our bancassurance operations are in Botswana, Mozambique, South Africa and Zambia. Barclays Bank Kenya and Barclays Bank Botswana continue to be listed on their respective stock exchanges. In addition to the entities listed in this legal structure, Barclays Bank PLC has operations in Egypt and Zimbabwe which are an integral part of our African business and continue to be run by Barclays Africa operationally.

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