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Absa untangling from Barclays: bank shows how to successfully manage a R17 billion separation

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Absa. Picture: Getty Images
Absa. Picture: Getty Images

BUSINESS

Absa’s three-year, R17 billion separation from Barclays equipped the bank with new change capability that has stood it in good stead and enabled rapid reorganisation across 14 countries amid the Covid-19 coronavirus crisis.

Paul O’Flaherty, chief executive of Absa engineering services, said the successful completion of the project, whose unprecedented scale and complexity had not been seen in recent times in South Africa, provided priceless lessons for the group.

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