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
Botswana deserves ideal political leaders

This remains to be seen, particularly as opposite unity has been seeing its ups and downs. In 2012, three opposition parties namely the Botswana National Front (BNF), the Botswana Movement for Democracy (BMD), and the Botswana National Front (BNF) formed a political alliance under the Umbrella for Democratic Change (UDC). The Botswana Congress Party (BCP) would, after rebuffs, join the coalition in 2017.The promise made by the coalition to its...

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