Following Barclays divorce, Absa heads to the UK
The UK launch represents a key milestone in Absa’s journey to becoming a true, standalone universal African bank following its official separation from Barclays on 30 June.
The UK launch represents a key milestone in Absa’s journey to becoming a true, standalone universal African bank following its official separation from Barclays on 30 June.
Absa Group forecast that its return on equity, a measure of profit, will improve slightly this year, helped by the South African lender’s operations in the rest of the continent.
EOH has appointed Stephen van Coller as its new CEO with effect from 1 September 2018.
In 2016, The CEO SleepOut took place on The Nelson Mandela Bridge, where 168 c-suite members spent the night outdoors.
Barclays Africa Chief Executive Officer of Consumer Banking Jan Moganwa is leaving as the South African lender’s retail and business banking division embarks on a reorganisation of its top management.
Barclays Africa, South Africa’s third-biggest bank, said the group will be split into retail and business banking, investment banking, the rest of Africa and wealth and insurance.
By way of context, Commonwealth Bank’s market value is R100bn higher than SA’s mighty Naspers (which accounts for 20% of the JSE’s all share index).
Sasfin said it’s firing KPMG as its independent sponsor and searching for a new auditor, becoming the second company to announce it has dumped the firm because of work it did for the politically connected Gupta family.
At the AGM, CEO Gerrie Fourie offered some fantastic insight into the ‘how and why’ behind Capitec’s success.
Absa has decided to approach the High Court in order to have Public Protector Busisiwe Mkhwebane’s report on the Bankorp reviewed and set aside.