ABSA will not recover guys....its a downward spiral, an RSA institution being ****@d up buy foreigners. Why ?
1) They immediately brought out voluntary packages... take it or get less when they retrench - pre 2005
2) Then they retrenched - 2005-2007
3) When I consulted there for 3 years, in the end I took the bus with at least 50 guys from India... Even took a photo 2007-2009
4) Now they are OUTSOURCING their complete IT areas, to who - Fffff India again! 2011..... and nooo, dont think you as a citizen will keep your job
This is bull, if our money doesnt go to China, Germany, India, UK, maybe we will have more lazy people earning money in the old RSA paying taxes HERE, spending money HERE generating more Vat HERE