Tag: barclays
-
Absa appoints Cheryl Buss as CEO to spearhead bank’s international ambitions
Absa Group, the leading pan-African financial services group, has appointed Cheryl Buss as Chief Executive of Absa International which includes managing Absa Securities United Kingdom. Among other responsibilities, this position will see her lead the bank’s international operations in its efforts to enable a globally scalable business that drives connectivity with corporate and institutional clients…
-
Barclays announces final sale of stake in Africa
Barclays has announced it will on Tuesday, December 5, sell a 7 percent stake in its Johannesburg-based Barclays Africa Group. The bank announced this latest decision on Friday, December 1, 2017. Some analysts believe the move could likely be the last in a series of such sales as Barclays ends more than 90 years as…
-
Barclays Africa sponsors training for financial journalists
Barclays Africa has sponsored twenty financial journalists in its annual data journalism training in South Africa. The program which is an annual event is in collaboration with Rhodes University. It forms part of the university’s Highway Africa Conference. The Data Journalism Master Class provides business journalists with a high-level refresher course on how to report…
-
Over dependence on gold, oil risky for economy – Economist
The Africa Strategist for Research at Barclays, Rydel Marcus has impressed on government to channel investments to grow Ghana’s industrial subsector. He argues that the over dependence on the commodities’ market has the potential to distort government’s growth targets and must be relooked at. Rydel Marcus believes that industries must be given the appropriate support…
-
Barclays PLC reduces its African stake to 23.4%
Barclays PLC has reduced its shareholding in Barclays Africa to 23.4%. On Thursday, Barclays Africa announced that following the completion of South Africa’s largest bookbuild in South African Rands, Barclays PLC has sold 33.7% of Barclays Africa. The issued share capital was at a price of R132 per share. A statement from the bank and…