Awards for Excellence 2020
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The Covid-19 pandemic has brought unprecedented change to the way that business is carried out in Africa. For those banks central to supply-chain management and trade finance, the need to maintain the flow of food, essential goods and personal protection equipment despite border closures is critical.
To facilitate this, Absa’s transaction banking team has processed 84 trade and working capital transactions at a value of R46 billion ($3 billion) since the start of the lockdown.
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