Advertisement

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After being a household name in Botswana for 66 years, the Barclays Bank brand will be withdrawn from the market within the next three years as the British bank divests from Africa.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

Advertisement
Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Have a Story? Send Us a tip
arrow up