JSE-listed Barclays Africa Group emphasised on Sunday that it was
well capitalised and independent. This came as customers raised concern
about its future after the Financial Times reported that London-based
parent Barclays Bank wanted to exit its African operations.
The
Financial Times newspaper, quoting unnamed people familiar with the
matter, said on Saturday that Barclays had decided to refocus on its
core UK and US markets after a review of its African business including
SA’s Absa Group, and concluded that in principle, it made sense to
withdraw from the continent.
