South Africa’s fourth-largest bank by assets says it will push out the tabling of a financing policy for oil and gas projects and mining by six months and will now deliver one by the end of the year.
Absa chair Wendy Lucas-Bull, speaking at the company’s annual general meeting on Friday said that the work is far advanced in terms of being able to announce that oil and gas standard. I think we may miss the date of the first half of the year slightly, but it is going through approval of the various executive committees in the group right now.
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