Trim Fat, Analysts Tell Barclays Africa

Monday, August 03, 2015

BARCLAYS Africa Group still had room to cut costs and manage excess capital better to help it reach its return on equity target of 18-20 percent in the next financial year, analysts said on Wednesday following the release of its interim results.

Its stock fell 1.94 percent to R183.28. The JSE’s other banks all rose, pushing the banking index 1.67 percent higher.

“It was a reasonably good result in the current environment. I think it’s pretty much what the market expected,” PSG Wealth portfolio manager Adrian Cloete said.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Yields fall as gov't raises P1.4bn debt

Mbongeni Mguni | 8 h ago

Botswana sends warning to netball opponents

Calistus Kolantsho | 22 h ago

'All to play for' in Gaborone for Mares

Kabelo Boranabi | 1d ago

Arrested Moeladilotlhoko yet to be charged

Larona Makhaiza | 1d ago

Diamond slump causes P3 billion trade deficit

Mbongeni Mguni | 1d ago

Molepolole unrest: Urgent attention on missing person cases

From Jakoba's mysterious disappearance on November 9 to the grim discovery of his remains at Mosinki Lands, a gap in the response mechanisms of the police and village leadership has been laid bare. The community's anger is evident, seen in the attack on Bakang Masole, the man found driving Jakoba's taxi and the main suspect, and the subsequent riot. Residents express discontent, citing a troubling trend of missing persons cases often...

The Monitor Editor | 27 November 2023

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More