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 Plc is poised to lose around £400m of the £3.8bn capital it invested over the past decade into South Africa’s leading retail bank, Absa.
I’m quite close to the Rainfin story. In mid-2012, while still running Moneyweb, I met with Sean Emery and his partners to consider investing in his innovative peer-to-peer lending operation, the first of its kind in SA. As often happens with such ideas, the perceived risk was a little above the tolerance of our directorate. … Read more