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Stephen Morris

Barclays to sell down Africa stake after profit drops 56%

The bank has plans to deconsolidate Barclays Africa Group, which Absa is a part of, and intends to sell down its 62% stake in the business.

Capital is the real test for Barclays

Its shortfall is the largest of all the British banks, and new rules could put it under extreme pressure.

Glencore said to seek $15-bn loan to cut interest costs

The commodity giant is puportedly trying to cut debt costs by looking for a R160-billion loan.

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