Barclays profits down on market headwinds
Tuesday, March 22, 2016
According to the bank’s managing director, Reinette van der Merwe despite the challenges that bedevilled the banking sector for the past two years, which included low interest rates and economic downturn, they managed to significantly improve the business in the second half of the year.
“As at 30 June 2015, our profit before tax stood at a third of this amount, this full-year performance therefore indicates that our second half profitability was double what we achieved in the first half of the year 2015,” van der Merwe said.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....