Latest articles on Barclays

International case may set precedent in rand-rigging battle

Standard Chartered pleaded guilty to currency manipulation (which included the rand) between 2007 and 2013

Competition commission resolute in bank collusion hearings

Despite sustained attacks from banks in the forex hearings, the Competition Commission remains confident of its case

Is Absa’s new coat of paint enough?

Analysts say the rebranded banking giant needs more than just a fresh logo to regain market share

ABSA parent Barclays Africa Group drops KPMG

Barclays Africa Group announced that it is cutting ties with beleaguered firm KPMG as its joint auditors

Keep an open mind on the land debate: Maria Ramos

The land debate has to be approached calmly and responsibly says Barclays Africa Group chief executive Maria Ramos.

Banks seek settlement — and also challenge collusion claims

"Earlier this year, the commission brought a case against 17 major local and international financial institutions for collusion"

Barclays Africa apologises for its role in rand-fixing

The bank's South African unit, Absa, says the Competition Commission is not seeking any administrative penalty against it.

Investors shun banks’ good news

The ‘big four’ are faring well in tough times yet their shares remain cheap, confounding analysts.

SA looks set for ‘stay of execution’ on downgrade

It appears that South Africa's rating downgrade has been postponed until December - but is inevitable regardless, say some economists.

Motsepe eyes Barclays Africa stake

Mining tycoon Patrice Motsepe reportedly has his sights set on being a major player in the banking sector.

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.

Barclays to sell Africa operations

Given the deterioration of the continent’s prospects, the question is who would want to take over the bank's 62% stake in JSE-listed Barclays Africa.

Forex probe may stem from whistle blower or ‘confession’

The Reserve Bank hasn't found any untoward activity in a review of foreign exchange trading, but the Competition Commission is investigating.

Shareholders cautious about upbeat Barclays Africa

The markets did not appear to share Barclays Africa's conviction that it was well on its way to becoming one of the continent's major banks.

Investors saddled with reform risk

New regulations will require investors to bear the risk of South African bank failures.

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Zuma, Zondo play the waiting game

The former president says he will talk once the courts have ruled, but the head of the state capture inquiry appears resigned to letting the clock run out as the commission's deadline nears

Stern warning against Covid greets Mthembu’s death

The ANC has slammed conspiracy theorists and cautioned against showing complacency towards the deadly virus

Lala ngoxolo Mvelase Jackson Mthembu

In his announcement, President Cyril Ramaphosa called the late minister ‘a life-long champion of freedom and democracy’

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