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
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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