Tag: Barclays Africa
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Barclays Africa to rebrand to Absa Group
Barclays Africa Group is to rebrand to Absa Group by 2020, subject to regulatory approval in all ten countries that it operates in. This follows the successful sale of Barclays PLC’s stake in the bank’s Africa’s operations. Barclays PLC has since December 2017, reduced its stake in the Africa Operations from 62 to 15 percent.…
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Barclays PLC to pay £ 765m towards its African split
Barclays PLC has submitted an application to the South African Reserve Bank for approval to reduce its stake in Barclays Africa to below fifty percent. The application will require the approval of South Africa’s Minister of Finance. Already Barclays PLC has agreed to pay 765 million pounds to Barclays Africa for it to split from…