Barclays

 

Behind the shake-up at Absa

Sharda Naidoo

The shake-up in Absa's upper echelons is a case of parent Barclays “micromanaging” the local operations and direct intervention, according to sources.

Behind the shake-up at Absa

Absa profit before tax down 19% in Q1

Staff Reporter

Absa's profit before tax decreased by 19% to R1,481-billion in the first quarter of 2011 from R1,832-billion in the first quarter of last year.