ABSA Eyes Botswana Acquisitions

Proposed regulations that would force banks to increase their short-term liquidity could have a significant impact on earnings at South Africa's Absa Group , the bank's chief executive said on Thursday.

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.

Editor's Comment
Gov’t must rectify recognition of Khama as Kgosi

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....

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