Absa writes off another R200-million in software

Absa writes off another R200-million in software

Absa Group chief information and technology officer Johnson Idesoh Absa Group has impaired a further R200-million in software assets in the six months to 30 June 2026, five months after a R2.4-billion write-down that the bank blamed on a strategy rethink and faster-than-expected technology obsolescence. The latest charge, disclosed in interim results published on Tuesday,…

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