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

1 minute ago

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.

Barclays Africa soothes stakeholders, warns of tough 2016

2016-03-01 10:45

Barclays Africa (Absa) says it will ensure a satisfactory outcome for all stakeholders after its parent company announced plans to exit the business.

Barclays Africa’s profits up 10% ahead of possible UK exit

2016-03-01 07:55

Barclays Africa has reported a 10% increase in profit for 2015, hours before the UK holding company announces whether it will exit the business.

Barclays shares rally on potential exit from Africa

2016-02-29 19:37

Shares in Barclays have rallied after the British bank said it was evaluating options over its African division, on the eve of the group's annual results.


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.

Barclays selling Absa to save costs

2016-03-01 09:32

UK banking group Barclays Group has made firm its intention to sell its 62.3% stake in Barclays Africa Group (formerly Absa).

Barclays threatened exit knocks confidence in SA

2016-03-01 06:52

Barclays' possible withdrawal from South Africa may turn out to be the economy’s biggest no-confidence vote at a time of financial-market turmoil and policy uncertainty.

Barclays Africa shares plummet as UK bank prepares exit

2016-02-29 12:15

Barclays Africa has dropped the most in seven weeks on speculation the lender’s UK parent plans to sell it’s 62.3% stake as part of a plan to exit operations on the continent.

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