Summary
BARCLAYS is into the endgame of its attempt to stage a return to South Africa, a market it quit ignominiously in 1986 after it was boycotted by antiapartheid protesters.
The process has proved more painful than the bank probably imagined, with proposals to take over Absa, the biggest retail lender, meandering on for several months.See the full content of this document
Extract
Varley Chases African Dream
But the end now seems to be in sight as the two biggest Absa shareholders are apparently backing the deal.
It is also thought that the approval of finance minister Trevor Manuel will be forthcoming after...See the full content of this document
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