Browsing: Barclays Africa

News
Huge spike in IT spending at Barclays Africa

Spending on IT at Absa parent Barclays Africa Group spiked by 17% to reach R7,4bn in the 2016 financial year ended 31 December, accounting for 19% of group costs. And the figure looks set to rise further still. Barclays Africa Group said on

News
Absa parent attracts potential new suitor

Abraaj Group, the private equity firm that invests across emerging markets, is interested in buying Barclays Group’s African business, CEO Arif Naqvi said. “It’s a very fine bank run by a very fine

In-depth
How much SA’s big banks spend on IT

South Africa’s big four retail and commercial banks spent in excess of R30bn on IT in the 12 months to end-June 2016, including the cost of staff involved in this function. Excluding the cost of people, nearly R15 out of every R100 spent on

News
Absa brings banking to Facebook chat

Absa has launched ChatBanking for Facebook Messenger, which allows clients to conduct their banking in the chat application. Messenger is the second platform that Absa has brought its ChatBanking service to

News
Ex-Vodacom boss now Barclays Africa deputy CEO

A former Vodacom executive, who was once also CEO of the SABC, has been named as a deputy CEO of Absa parent company Barclays Africa Group. Barclays Africa said in a statement to shareholders on Friday that

News
Gupta accounts face regulatory scrutiny

South African regulators are seeking details from India’s Bank of Baroda of accounts belonging to businesses owned by the Gupta family, intensifying scrutiny of the friends of President Jacob Zuma, according to a person close to the

News
No data? No problem, says Absa

Absa customers will no longer have to ensure that they have an active data bundle to transact via the online application, the bank has announced. The Barclays-owned group said that it had concluded deals with network operators to offer

In-depth
Why did the Guptas head for the exit?

So, the Gupta brothers have called South Africa quits. Although it is not really surprising, as virtually everyone but the president and his family have taken a hostile stance against the family, the swiftness of their departure has raised a few eyebrows

News
10 start-ups named for Barclays Accelerator

The new accelerator programme for financial technology start-ups backed by Barclays Africa and US accelerator Techstars has announced the names of 10 companies that have been selected to take part. More than 400 applications had been received

News
Absa pilots ‘predictive alerts’

Banking group Absa has piloted a new predictive alert service that notifies customers of potential shortfalls in their bank accounts and offers personalised options to help them manage their finances. The idea is that the alerts

1 2