Barclays africa group
Absa drops KPMG as external auditor
In a statement released a few minutes ago, KPMG South Africa says it notes the announcement from Barclays Africa Group.
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Barclays Africa reports higher annual profit, aided by fall in impairments
Normalised diluted headline EPS, the primary measure of profit in South Africa that strips out one-off items, came in at 1,837.7 cents in the year ended December.
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Barclays announces final sale of stake in Barclays Africa
Barclays said after the sale its stake in the African division would be 14.9%, which represents its desired long-term goal and no further sales are planned.
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Tough times ahead for all businesses, retailers warned
Analyst at Barclays Africa Rod Salmon says in previous years, spending has been largely on credit. But he says there has been a slump in consumers signing up for debt.
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SA's big four banks to see rise in problem loans - Moody's
Sluggish economic growth will pose challenges for FirstRand, Standard Bank, Barclays Africa Group and Nedbank.
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Barclays Africa turns down meeting with ministers over Oakbay
Several companies, including four major banks in SA, have severed links with Oakbay Investments.
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Who is buying Barclays Africa?
Who is buying Barclays Africa? Bob Diamond? PIC? Patrice Motsepe’s new bank ARC? EWN’s Ray White interviewed Vestact MD Paul Theron on The Money Show, for some insight on the sale and rumours of who is likely to buy big chunks.
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Barclays raises $876m from African business share sale
Barclays retreat from Africa may include selling the remaining 50.1 percent stake to a strategic investor.
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Atlas Mara considers bid for Barclays Africa unit
Barclays said it would sell down its 62 percent stake in Barclays Africa Group to focus on other divisions.
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Barclays still keen to do business in Africa despite restructuring
Barclays Plc announced plans to sell down its 62.3 percent stake in Barclays Africa over the next three years.
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Barclays reveals restructuring plan to exit Africa as profit falls
The bank, which owns 62,3 percent of Barclay’s Africa, says the process will take over 2 to 3 years.
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Barclays Africa shares plummet amid sell-off speculation
Barclays says it remains committed to its operations and optimistic about its growth prospects in Africa.
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Barclays Africa sees countries outside SA pushing up revenues
The company has grown revenue in the rest of Africa faster than South Africa.
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Barclays banks on corporate lending in SA
This aims to counter a drop in retail credit as the financial health of households deteriorates.
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Barclays Africa reports 14% earnings hike
The company says it remains cautious due to a sluggish South African economy.
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Barclays: R1,2bn for branch network
The bank previously called Absa is trying to win back lower-income customers lost to Capitec.
