On 17 February 2017, the Competition Commission of South Africa announced that it had decided to refer several banks (foreign currency traders) to the Competition Tribunal for prosecution. While the list included Absa Bank, the Commission also stated that it would not be imposing a fine or any other sanction against Absa.
Absa Group Limited today announced that it has successfully migrated the banking platform used by six of its African subsidiaries – in Botswana, Ghana, Mauritius, Barclays Tanzania, Seychelles and Zambia – from Barclays Plc’s data centre in the United Kingdom to Absa’s data centre in South Africa.
Botswana, Kenya and Nigeria have moved up the Absa Africa Financial Markets Index, produced by the Official Monetary and Financial Institutions Forum, and South Africa remains in top position, supported by strong financial market infrastructure and a robust legal framework. However, South Africa’s macroeconomic performance has deteriorated over the past year.
25 June 2018
Barclays Africa Group and Frontclear partner to develop Africa’s interbank markets
Barclays Africa Group Limited has signed a 2-year agreement to provide financial support to the Frontclear Technical Assistance Programme (FTAP) through the latter’s Partnership Facility.
Shareholders are advised of the appointment of Ms Tasneem Abdool-Samad as independent non-executive director to the Board of Barclays Africa Group with effect from 1 February 2018.