Barclays brand to be phased out
Tuesday, March 07, 2017
Barclays will rebrand in the next three years
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%.
The statement, whilst some may say, comes a little bit too late, is timely as gender-based violence (GBV) continues to haunt the country. A week hardly passes without reports of a wife, a girlfriend or boyfriend being killed by their intimate partners. Just recently, a high-ranking officer stationed at Glen Valley Barracks reportedly murdered his wife and has so far managed to evade arrest. It is also alleged that another soldier murdered his...