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
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...

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