Business In The News South Africa

Barclays Africa to continue under old name in nine African countries

JOHANNESBURG, May 15 (ANA) – Barclays Africa Group Limited (BAGL) said on Tuesday that its Barclays-branded banks in nine African countries will continue to trade under the same name even after the group name changes to Absa in July. Barclays Africa’s shareholders on Tuesday, approved that the group changes its name to Absa Group Limited as part of […]

Business In The News South Africa

Absa Bank denies role in Steinhoff shareholders’ losses

JOHANNESBURG, April 19 – Absa Bank, a wholly-owned subsidiary of Barclays Africa Group Limited (BGL), has distanced itself from compiling or reviewing the financial statements of Steinhoff International, saying that it was only the retailers’ Johannesburg Stock Exchange (JSE) transaction sponsor. This comes after media reports that Dutch Investors Association (VEB) in January launched a class action against […]