Barclays MD race heats up

van der Merwe leaves in March
van der Merwe leaves in March

The race to the helm of Barclays Bank Botswana has tightened, two months before the current managing director (MD), Reinette van der Merwe’s scheduled departure, BusinessWeek has learnt.

Barclays, the country’s second biggest bank by balance sheet, is entering a precarious period in which the new MD will have to manage the organisation’s transformation into the Absa Group, from Barclays PLC.

Industry insiders told BusinessWeek that while Barclays’ chief operating officer (COO), Keabetswe Pheko-Moshagane remained the front-runner for the position; Bashi Gaetsaloe’s recent departure from the Botswana Development Corporation (BDC) had fuelled speculation that his name could be added to the hat.

Editor's Comment
We salute Kgomo Khumo for a job well done

Stock theft has become rampant and difficult to contain thus keeping the police on their toes as the country is rocked by stock theft cases that are becoming difficult to contain.This form of crime is causing great misery to farmers in Botswana, especially in rural communities that largely depend on agriculture for a living. As stock theft cases escalate, the police say that most of the meat consumed in major towns and villages is from stolen...

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