ABSA, Barclays Separation 69% Complete
Monday, June 17, 2019
According to the group, 184 of their 266 projects have been successfully delivered, two years into the three-year programme. The separation comprises the gradual replacement of services, primarily involving operational and information technology, provided to Absa by Barclays PLC, which reduced its shareholding in the African financial services group to a minority stake in 2017.
It also includes transitioning from the Barclays brand to ‘Absa’ in 12 countries, a process that is underway with South Africa having been completed during 2018. Paul O’Flaherty, chief executive: Engineering Services, at Absa Group, said very few programmes of this level of complexity are being undertaken in the financial services industry today.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...