Strategy and resource allocation

• Conciseness
• Connectivity of information
• Materiality
• Strategic focus and future orientation

Key observations:

ABSA builds on the context which has been set in the Chairman’s statement and strategic discussion to highlight the company’s material issues, in a connected and concise manner.

Five broad issues are identified with each taken in turn and discussed in relation to the sub-issues which are a part of the overall theme. Performance against these material issues are then broadly discussed with a particular focus on how these material issues will be addressed in the future.