Barclays brand to be phased out

Barclays will rebrand in the next three years
Barclays will rebrand in the next three years

After being a household name in Botswana for 66 years, the Barclays Bank brand will be withdrawn from the market within the next three years as the British bank divests from Africa.

However, the Barclays Africa Group Limited (BAGL) will continue to operate under a different name in Botswana and eight other African countries. In South Africa, BAGL operates under its flagship, ABSA brand.

Last week, London-based Barclays Plc applied to South African authorities to reduce its shareholding in BAGL to below 50%.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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