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Absa Group Limited

The Absa Group Limited (JSE: ASA) (a.k.a. ABSA or Absa) is the largest consumer bank in South Africa. Based in Johannesburg, it currently employs 33,166 people both locally and internationally.

History

Amalgamated Banks of South Africa was formed in 1991 through the merger of the United, Allied and Volkskas Groups. This was followed in 1992 by acquisition of the Bankorp Group (which included TrustBank and Bankfin). The banks each traded under their own names until 1998, when the United, Volkskas, Allied and TrustBank brands were merged into a single brand in 1998. The name was changed to Absa Group Limited in 1997. In 2005 Barclays Bank of the United Kingdom purchased a 56.4% stake in Absa, which represents the largest foreign direct investment in the country.

Organisation

Absa Group Limited is structured into a number of divisions which provide various services:

  • Absa Bank Limited provides retail, commercial and wholesale banking services as well as asset management services.
  • Absa Financial Services Limited provides financial services, short- and long-term insurance and wealth management services.

In addition to these, Absa has other subsidiaries operating throughout various parts of Africa, as well as other interests in the banking and property sectors.

Sponsorship

Absa is a sponsor of many activities in South Africa, the most recognized of which is the Absa Currie Cup, the domestic rugby tournament held annually.


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Absa is a sponsor of many activities in South Africa, the most recognized of which is the Absa Currie Cup, the domestic rugby tournament held annually. It is also destroyed in the movie Independence Day, though not shown. In addition to these, Absa has other subsidiaries operating throughout various parts of Africa, as well as other interests in the banking and property sectors. In the episode "A Matter of Time", the nearest secure phone above Stargate Command is at "NORAD, main level", which appears to be sub-level 2. Absa Group Limited is structured into a number of divisions which provide various services:. NORAD is mentioned occasionally as being above the Stargate, housed in sub-level 28. In 2005 Barclays Bank of the United Kingdom purchased a 56.4% stake in Absa, which represents the largest foreign direct investment in the country. Cheyenne Mountain is featured prominently in the television show Stargate SG-1, as it is the location for the fictional Stargate Command.

The name was changed to Absa Group Limited in 1997. The movie is often used in support of nuclear disarmament, but is also one of the first movies to shed light on the culture of computer hacking. The banks each traded under their own names until 1998, when the United, Volkskas, Allied and TrustBank brands were merged into a single brand in 1998. Barry Corbin played a fictional NORAD commanding officer, General Jack Beringer. This was followed in 1992 by acquisition of the Bankorp Group (which included TrustBank and Bankfin). Cheyenne Mountain was one of the settings of the 1983 motion picture WarGames, starring Matthew Broderick as a teenager that hacked NORAD's main computer and almost started a nuclear war (more precisely referred to as "global thermonuclear war" in the movie). Amalgamated Banks of South Africa was formed in 1991 through the merger of the United, Allied and Volkskas Groups. Furthermore, the Command & Conquer: Red Alert 2 computer game features an in-game video of a call to NORAD from the President.

. NORAD is also featured in Tom Clancy's novel The Sum of All Fears and its associated film. Based in Johannesburg, it currently employs 33,166 people both locally and internationally. [3]. ABSA or Absa) is the largest consumer bank in South Africa. This has become a tradition ever since 1955. The Absa Group Limited (JSE: ASA) (a.k.a. This tradition started when a local Sears store in Colorado misprinted the phone number and kids, who thought they were calling Santa, called NORAD instead.

Absa Financial Services Limited provides financial services, short- and long-term insurance and wealth management services. 2005 marked the 50th time of NORAD tracking Santa. Absa Bank Limited provides retail, commercial and wholesale banking services as well as asset management services. NORAD comes to public attention at Christmas, when it "tracks" Santa Claus on his journey around the world delivering toys for the world's children. NORAD oversees Operation Noble Eagle using Fighter aircraft Combat Air Patrols (CAP) under command of First Air Force and Airborne Warning and Control System (AWACS) E-3 Sentry Aircraft under command of the 552nd Air Control Wing. After the events of September 11, 2001, the NORAD mission evolved to include monitoring of all aircraft flying in the interior of the United States.

However none of the proposed OTH-B radars are currently in operation. The Cheyenne Mountain site was also upgraded. But the DEW line sites were still replaced, in a scaled-back fashion by the North Warning System radars between 1986 and 1995. To avoid cutbacks, from 1989 NORAD operations expanded to cover counter-drug operations—such as tracking small-engine aircraft.

At the end of the Cold War NORAD reassessed its mission. These recommendations were accepted by the governments in 1985, there was also the formation of a new United States Space Command in September 1985 as an adjunct but not a component of NORAD. There followed significant reductions in the air defense system until the 1980s when following the 1979 Joint US-Canada Air Defense Study (JUSCADS) the need for the modernization of air defenses was accepted—the DEW Line was to be replaced with an improved arctic radar line called the North Warning System (NWS); there was to be the deployment of Over-the-Horizon Backscatter (OTH-B) radar; the assignment of more advanced fighters to NORAD, and the greater use of Airborne Warning and Control System (AWACS) aircraft from Tinker AFB, OK or Elmendorf AFB, AK. By the early 1970s, the acceptance of MAD led to a cut in the air defense budget and the repositioning of NORAD's mission to ensuring the integrity of air space during peacetime.

But there was increased effort to protect against a ICBM attack—two underground operations centers were set up, the main one inside Cheyenne Mountain, and an alternate at North Bay, Ontario. From 1963 the Air Force was reduced and sections of the now-obsolete radar system were shut down. The extension of NORAD's mission into space led to a name change to the North American Aerospace Defense Command. In response, a space surveillance and missile warning system was constructed to provide worldwide space detection, tracking and identification.

The emergence of the ICBM and SLBM threat in the early 1960s was something of a blow. By the early 1960s, a quarter of a million personnel were involved in the operation of NORAD. A formal NORAD agreement between the two governments was signed on May 12, 1958. On September 12, NORAD operations commenced at Ent, Colorado.

Discussions and studies of joint systems had been ongoing since the early 1950s and culminated on August 1, 1957 with the announcement by the US and Canada to establish an integrated command, the North American Air Defense Command. The command and control of the massive system then became a significant challenge. Attacks across the Pacific or Atlantic would have been detected by AEW aircraft, Navy ships, or offshore radar platforms. The systems gave around three hours warning of bomber attack before they could reach any major population centre.

This was a network of 57 stations along the 70th parallel. The third joint system was the DEW Line, also completed in 1957. This system was roughly 300 miles north of the Pinetree Line along the 55th parallel. In 1957, the McGill Fence was completed; it consisted of Doppler radar for the detection of low-flying craft.

However, technical defects in the system led to more radar networks being built. The first series of radars was the Pinetree Line, completed in 1954, of 33 stations across southern Canada. In the early 1950s they agreed to construct a series of radar stations across North America to detect a Soviet attack over the pole. The growing perception of the threat of Soviet long-range strategic bombers armed with nuclear weapons brought Canada and the US into closer cooperation for air defense.

Department of Homeland Security, but both organizations coordinate training and planning USNORTHCOM missions. NORAD and USNORTHCOM have no direct command and control links with the U.S. forces have a commander for their contingents at Cheyenne Mountain. Both Canadian and U.S.

Traditionally the commanding officer of NORAD is American and the deputy commander Canadian. General Rick "Eric" Findley, Canadian Forces Air Command. The deputy commander of NORAD is Lt. Keating, USN, who is also the commander of the United States Northern Command (USNORTHCOM).

The present commanding officer of NORAD is Admiral Timothy J. Three subordinate headquarters at Elmendorf AFB, Alaska (Headquarters for the Alaskan NORAD Region (ANR)), CFB Winnipeg, Manitoba (dual Headquarters (HQ) for 1 Canadian Air Division (1CAD) and the Canadian NORAD Region (CANR)), and Tyndall AFB, Florida (Headquarters for First Air Force, the Continental NORAD Region (CONR) and the Southeast Air Defense Sector (SEADS)), receive direction from the Commander and control operations within their areas. The commander is based at Peterson Air Force Base, Colorado with Cheyenne Mountain Operations Center, the central collection and coordination facility for the sensor systems around the world, nearby. The organization is headed by a commander appointed by both the President of the United States and the Prime Minister of Canada.

Aerospace control  includes providing surveillance and control of Canadian and United States airspace. Aerospace warning or integrated tactical warning and attack assessment (ITW/AA) covers the monitoring of man-made objects in space, and the detection, validation, and warning of attack against North America by aircraft, missiles, or space vehicles. NORAD consists of two main parts, corresponding to its mission. .

Air Force, under the command of the 721st Mission Support Group [1], part of the 21st Space Wing [2], headquartered out of Peterson Air Force Base. The facility is hosted by the U.S. While the terms "NORAD" and "Cheyenne Mountain" are often used interchangeably to describe the facility, NORAD is the name of the Command, while Cheyenne Mountain is the name of the facility. From 1963, NORAD's main technical facility has been located at Cheyenne Mountain, Colorado.

It was founded on May 12, 1958 under the name North American Air Defense Command. North American Aerospace Defense Command (NORAD) is a joint United States and Canadian organization which provides aerospace warning and aerospace control for North America. Ashy, USAF (1994 – August 1996). Joseph W.

Estes III, USAF (August 1996 – 14 August 1998). Howell M. Myers, USAF (14 August 1998 – 22 February 2000). Richard B.

"Ed" Eberhart, USAF (22 February 2000 – 5 November 2004). Ralph E. Keating, USN (5 November 2004 – Present). Timothy J.