Banks that lured Diamond to Africa stumble on fading economies

2016-05-26 07:06

Bob Diamond followed other lenders to Africa's young population, rising wealth and decades of growth. Now, its fading economies risk taking down more lenders with them.

No data no problem, says Absa

2016-05-20 09:18

Absa Bank customers will no longer have to ensure that they have an active data bundle to transact via the online application, the bank has announced.

Bank workers take swipe at Barclays CEO Staley

2016-05-17 16:42

Barclays Bank workers in Zimbabwe have written to Baclays CEO James Staley, demanding fair treatment when the bank disinvests from its Africa operations.

Barclays sells 12.2% stake in Africa unit for R13.1bn

2016-05-05 10:46

Barclays has sold about one-fifth of its stake in Barclays Africa Group for about R13.1bn as part of CEO Jes Staley’s plan to overhaul the British lender.

Django Davidson: Barclays shorting Africa – No worse time to sell

2016-03-23 07:32

A Barclays shareholder is concerned about the bank pulling out of Africa as the outlook for financial services in Africa is more attractive than in the UK and US.

WhatsApp hoax targets Barclays Zim depositers

2016-03-15 11:37

Banking group Barclays has lashed out at a hoax WhatsApp message that is advising Zimbabwe depositors to withdraw their money.

Barclays seeing strong interest in Africa unit

2016-03-10 18:04

Barclays is already receiving strong interest in its African banking business a week after announcing its intention to sell, Chief Executive Officer Jes Staley says.

Barclays to exit Zim operations

2016-03-02 10:10

Barclays Bank says its Zimbabwean operations will transfer to its non-core division, with an intention to sell in the future.

Nenegate sped up Barclays' Africa exit - trader

2016-03-01 13:53

Barclays Africa remains an attractive asset with good governance and a very juicy dividend yield, but the risks related to SA seem to overshadow that, says a trader.

Cutting 100-yr ties with Africa best for shareholders - Barclays CEO

2016-03-01 12:05

Cutting its controlling shares in Barclays Africa “was a very difficult decision to make”, says Barclays Group CEO Jes Staley.


Deslin Naidoo: Re-defining active fund management

2016-05-23 20:07

It is not so much a question of active or passive fund mangement as broadening the definitions of active to make it more effective at an earlier stage, says an adviser.

Barclays plans further sales in Africa unit

2016-05-18 18:26

Barclays plans to continue selling further stakes in its South African business after cutting its holding to about 50%, according to people with knowledge of the matter.

Abraaj said to lead group for stake in Barclays Africa

2016-05-15 17:58

Buyout firm Abraaj Group is leading a group of investors planning to bid for a minority stake in Barclays’s African unit, according to people familiar with the matter.

Barclays to sell stake in Absa to PIC

2016-05-04 19:14

Barclays is selling shares representing 12% of Barclays Africa Group to pension fund Public Investment Corporation.

How to make the most of the falling rand

2016-03-22 16:15

One may feel that it is time to batten down the hatches and wait for the rand to recover, there is another option...investment.

Kokkie Kooyman: Investors are missing 'unbelievable investment opportunity'

2016-03-14 23:39

History shows that when companies get this mis-priced investments generate significant returns over the next few years, says portfolio manager Kokkie Kooyman.

Absa’s Chinese torture as UK parent to slowly drip shares onto the JSE

2016-03-02 11:07

The financial services sector's worst kept secret was confirmed when Barclays said it would be offloading its African operations, of which Absa accounts for around 80%.

Ramos rules out conspiracy in Barclays exit

2016-03-02 07:46

Barclays Group’s decision to pull out of Barclays Africa and Absa has nothing to do with any conspiracy or the economic environment in SA, says CEO Maria Ramos.

Barclays Zim battles to calm nervy depositors

2016-03-01 13:15

Barclays Zimbabwe is scrambling to contain a potential run by depositors after its parent company Barclays announced that it is moving out of the country.

Barclays axes jobs as net losses more than double

2016-03-01 11:46

British bank Barclays is cutting thousands of jobs as it seeks to slash costs after net losses more than doubled and amid its intention to sell its 62.3% stake in Absa.

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