ABSA Delays Financing Policy On Mining, Oil, And Gas By Six Monts

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.