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Barclays Africa lists on South African bourse

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barclaysThe newly-formed Barclays Africa by Absa and Barclays Group listed on the Johannesburg Stock Exchange (JSE) in South Africa.

The listing which was done August 2, 2013, is said to be a milestone in South African corporate history.

“The now pan-African Group has concluded the largest acquisition by a bank in Africa, almost two months ahead of deadline,” said a joint statement.

Wendy Lucas-Bull, Chairman of Barclays Africa Group, said “This is a tremendously exciting and significant moment for Absa and Barclays. This is also a big deal for Barclays.”

According to Lucas-Bull, Barclays understands that Africa offers great opportunity which is why it is one of its core pillars of future growth.

By Ekow Quandzie

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One comment

  1. Ghana and Africa should open their eyes especially useless leaders in this countinent. Barclays been colonial slave banks not in the interest of this continent except using, making money at the back of poor Ghanaian and Africans. Ghana and Africa should have their own banks, insurance to serve their people. Slave mentality must stop.