File photo: Simphiwe Mbokazi

Johannesburg - South Africa's Absa Group plans to return some of its excess capital to shareholders by paying a special dividend, its chief financial officer said on Tuesday.

“The use of our excess capital will be through a special dividend,” David Hodnett told Reuters following the bank's presentation of its full-year earnings.

Absa is the South African unit of Britain's Barclays. - Reuters