Absa Group is delighted to announce that the eKhaya Colleague Share Scheme has once again been celebrated, with the Group winning the Top Champion for Women Award at the inaugural Worker Share Ownership Conference.

Hosted by the Department of Trade, Industry and Competition last week, the conference focused on promoting economic inclusion through Employee Share Ownership Programmes (ESOPs). It brought together ESOP trustees, employee representatives, business representatives, labour leaders, government officials, legal experts, and finance specialists to share insights and best practice.

The award ceremony sought to honour those employers that have notably empowered their employees through innovative and effective ESOP structures. Absa Group was recognised for empowering the highest percentage of women, with 63.1% of the 26 400 staff beneficiaries being female.

Absa’s eKhaya scheme, implemented in September last year, allocated shares to the value of R11.2 billion at the time, including a 4% evergreen Corporate Social Investment Trust and a 3% vesting staff element.

“We are proud to have been honoured once again for our eKhaya Colleague Share Scheme. This transaction demonstrates our commitment to fostering financial inclusion in our communities in keeping with our purpose of empowering Africa’s tomorrow, together... one story at a time,” said Absa Group CEO Arrie Rautenbach.

Rautenbach said women make up the majority of Absa’s employee component and through this transaction and other transformation programmes, the Group has recognised its role as an active force for good, contributing meaningfully to their families, communities and the economy as a whole. “This exemplifies our role as a driver for positive change and sustainable development,” he concluded.

For media queries please contact:
Daniel Munslow
Managing Executive: Group Communications
Absa Group
PRmedia@absa.africa

About Absa Group Limited

Absa Group Limited (‘Absa Group’) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups. Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance. 

Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa, and Zambia. Absa also has representative offices in China, Namibia, Nigeria, and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.

For further information about Absa Group Limited, visit www.absa.africa.