ABSA Eyes Botswana Acquisitions
Monday, August 09, 2010
Absa, which is majority owned by Britain's Barclays), is also considering acquisitions in Namibia, Zambia and Botswana to boost its bank assurance business, the lender's deputy chief executive told Reuters in the same interview.
Absa CEO Maria Ramos, Deputy Chief Executive Louis von Zeuner and Financial Director David Hodnett met with Reuters following an investor presentation in Johannesburg on Thursday.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....