Bio: Absa Group implemented a significant broad-based black economic empowerment (B-BBEE) transaction on 1 September 2023. This is a clear expression of our commitment to meaningful transformation in the context of South Africa, as well as diversity and inclusion in Africa more broadly. The transaction has increased black ownership in Absa to above the 25% threshold as set out in the Financial Sector Charter, strengthening Absa’s B-BBEE credentials in South Africa, in line with national priorities that are intended to promote an inclusive economic landscape. The transaction sees 7% of the total Absa Group shareholding allocated to structures that will benefit black participants in a Corporate Social Investment (CSI) Trust, as well as employees. The CSI Trust will focus on education and youth employability support for black South African beneficiaries, contributing towards job creation and the empowerment of our communities in an impactful manner. This milestone development underscores Absa’s commitment to be an active force for good in everything we do and demonstrates how we are living our purpose, which is: