Trim Fat, Analysts Tell Barclays Africa

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.

Editor's Comment
Parents should be more proactive in children’s lives

Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

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