The real reason Absa wrote off R2.4-billion in software
Absa CTIO Johnson Idesoh Absa Group’s decision to take a R2.4-billion software impairment hit for the year ended 31 December 2025 is not solely because of AI – itself an accelerator of software obsolescence – but also due broader technological trends and a strategic shift in the bank’s outlook on technology. According to Absa Group…
