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United States

Barclays Africa Group Ltd (BGAJ.J)

BGAJ.J on Johannesburg Stock Exchange

16,880.46ZAc
18 Dec 2017
Change (% chg)

696.46 (+4.30%)
Prev Close
16,184.00
Open
16,250.00
Day's High
17,269.00
Day's Low
16,250.00
Volume
6,377,284
Avg. Vol
2,725,249
52-wk High
17,278.00
52-wk Low
13,322.00

Latest Key Developments (Source: Significant Developments)

Barclays To Cut Stake In Barclays Africa To 14.9 Pct
Friday, 1 Dec 2017 02:08am EST 

Dec 1 (Reuters) - Barclays Plc ::‍REDUCTION OF BARCLAYS' SHAREHOLDING IN BARCLAYS AFRICA GROUP LIMITED​.‍TOTAL SHAREHOLDING IN BAGL FOR REGULATORY REPORTING PURPOSES WILL REDUCE FROM 21.9% TO 14.9%​.‍SETTLEMENT OF TRANSFER IS EXPECTED TO OCCUR ON 5 DECEMBER 2017​.  Full Article

Barclays Africa says Barclays Plc reduces total interest to 14.9 pct​
Friday, 1 Dec 2017 01:22am EST 

Dec 1 (Reuters) - BARCLAYS AFRICA GROUP LTD ::‍FOLLOWING CONTRIBUTION TO INTERIM B-BBEE STRUCTURE, TRANSFER TO FINANCIAL INSTITUTIONS, BARCLAYS' TOTAL INTEREST IN BARCLAYS AFRICA IS AT 14.9%​.  Full Article

Absa Bank files supplementary affidavit to challenge public protector's report​
Thursday, 14 Sep 2017 09:36am EDT 

Sept 14 (Reuters) - ABSA BANK LTD ::‍ABSA FILES SUPPLEMENTARY AFFIDAVIT TO CHALLENGE PUBLIC PROTECTOR'S REPORT​.‍FILED SUPPLEMENTARY AFFIDAVIT TO HIGH COURT IN ITS CASE TO HAVE CERTAIN FINDINGS AND REMEDIAL ACTIONS OF PUBLIC PROTECTOR'S REPORT REVIEWED AND SET ASIDE​.REPORT DEALT WITH FINANCIAL ASSISTANCE PROVIDED BY SOUTH AFRICAN RESERVE BANK (SARB) TO BANKORP, WHICH ABSA LATER BOUGHT.  Full Article

Absa Bank upsizes Harmony Gold's existing $250 mln debt
Friday, 18 Aug 2017 07:11am EDT 

Aug 18 (Reuters) - Absa Bank Ltd ::ABSA BANK - SUCCESSFULLY REFINANCED AND UPSIZED HARMONY GOLD LIMITED'S EXISTING USD 250,000,000 TERM DEBT TO A 3 YEAR USD 350,000,000 FACILITY.ABSA BANK LTD - TRANSACTION WAS OVERSUBSCRIBED WITH DEBT SYNDICATED TO A TOTAL OF 8 LENDERS, INCLUDING 3 NEW LENDERS.  Full Article

Absa Bank concludes $100 mln agreement with China Development Bank
Friday, 18 Aug 2017 04:31am EDT 

Aug 18 (Reuters) - ‍ABSA BANK LTD::CO, A SUBSIDIARY OF BARCLAYS AFRICA GROUP, AND CHINA DEVELOPMENT BANK CONCLUDE A $100 MILLION AGREEMENT​.‍INITIAL DRAWDOWN BASED ON CO'S CURRENT FUNDING NEEDS AND MAY BE INCREASED IN FUTURE TO ASSIST WITH NEW FUNDING OPPORTUNITIES WITHIN BAGL'S OPERATIONS​.  Full Article

Absa Bank says half-year diluted HEPS at 109.4 cents
Friday, 28 Jul 2017 01:48am EDT 

July 28 (Reuters) - Absa Bank Ltd ::Based on current requirements of basel iii, expected increase in accounting impairment provision would reduce common equity tier 1 (cet1) capital.Hy revenue 24,806 million rand versus 24,467 million rand.Diluted headline earnings per ordinary share 109,4 cents versus 123,2 cents.  Full Article

Barclays Africa Group HY diluted HEPS up 5 pct
Friday, 28 Jul 2017 01:05am EDT 

July 28 (Reuters) - BARCLAYS AFRICA GROUP LTD ::HY DILUTED HEPS INCREASED 5 pct TO 899,7 CENTS, WHILE NORMALISED DILUTED HEPS GREW 7 pct TO 917,7 CENTS.BARCLAYS AFRICA GROUP LTD - HY NORMALISED REVENUE DECREASED 1 pct TO R36,0 BILLION AND OPERATING EXPENSES GREW 3 pct TO R20,0BN.BARCLAYS AFRICA GROUP LTD - HY CREDIT IMPAIRMENTS FELL 27 pct TO R3,8 BILLION, RESULTING IN A 0,96 pct CREDIT LOSS RATIO FROM 1,29 pct.DECLARED A 3% HIGHER INTERIM DPS OF 475 CENTS.BARCLAYS AFRICA GROUP LTD - HY NAV PER ORDINARY SHARE ROSE 17 pct TO 12 644 CENTS, OR 4 pct TO 11 261 CENTS ON A NORMALISED BASIS.HY ROE STABLE AT 16,1 pct, WHILE NORMALISED ROE INCREASED TO 16,8 pct.BARCLAYS AFRICA GROUP LTD - HY NORMALISED COMMON EQUITY TIER 1 (CET1) RATIO OF 12,1 pct REMAINS ABOVE REGULATORY REQUIREMENTS AND BOARD TARGET RANGE.GROUP RISK-WEIGHTED ASSETS (RWAS) INCREASED 4 pct TO R725BN AT 30 JUNE 2017, DUE TO INCREASED CREDIT RISK RWAS.HY SOUTH AFRICA'S NET INTEREST MARGIN NARROWED TO 4,47 pct FROM 4,50 pct AND REST OF AFRICA'S DECREASED TO 7,15 pct FROM 7,29 pct.BARCLAYS AFRICA GROUP LTD SAYS "ECONOMIC PERFORMANCE IN GROUP'S PRESENCE MARKETS IN REST OF AFRICA WAS MIXED".HY SOUTH AFRICA BANKING CREDIT IMPAIRMENTS DECREASED 28 pct TO R3 124M, RESULTING IN A 0,91% CREDIT LOSS RATIO FROM 1,28 pct.BARCLAYS AFRICA GROUP SAYS "GENERALLY IMPROVING OUTCOMES IN COUNTRIES LIKE GHANA, MOZAMBIQUE, UGANDA; SOMEWHAT WEAKER TRENDS IN KENYA, ZAMBIA, BOTSWANA".  Full Article

Absa Bank launches high court application to review, set aside public protector’s report
Thursday, 13 Jul 2017 12:09pm EDT 

July 13 (Reuters) - Absa Bank Ltd :Absa launches high court application to review and set aside public protector’s report.Issued its application to high court for review and setting aside of findings and remedial action of the public protector’s report.Refers to public protector’s report on financial assistance provided by South African Reserve Bank to Bankorp, which was later bought by Absa‍​.Absa is challenging the public protector’s report on debt that is alleged to be due had prescribed and is therefore not recoverable.Absa is challenging the public protector’s report on public protector has no jurisdiction to investigate the matter.Absa is challenging the public protector’s report on debt that is alleged to be due had prescribed and is therefore not recoverable.Absa is challenging the public protector’s report on public protector’s process was procedurally flawed and unfair to Absa.Absa is challenging public protector’s report on report’s findings and remedial action based on material errors of fact.  Full Article

Absa Bank to approach High Court to have public protector report reviewed
Friday, 30 Jun 2017 08:55am EDT 

June 30 (Reuters) - Absa Bank Ltd ::Decided to approach the high court in order to have the report of the public protector that was released on Monday 19 June 2017 reviewed and set aside.Says the decision is due to the numerous misrepresentations and factual inaccuracies which are used as the basis for its findings.Respects constitutional institutions and has cooperated with office of public protector during the course of this investigation.Report leaves Absa with no choice but to seek recourse in courts as provided for by the constitution when affected party disagrees with the findings of public protector."office of the public protector appears to have either effectively ignored or misunderstood Absa’S detailed submissions, which were made to it on two occasions".  Full Article

Absa says public protector's recommended amendments pose risk to financial system
Wednesday, 21 Jun 2017 01:57am EDT 

June 21 (Reuters) - Absa Bank Ltd ::Advised that "public protector act does not empower public protector to direct that constitutional amendments be made"."Recommended amendments pose a very serious risk to financial system and they cannot be allowed to stand".Public protector's remedial actions include directive to parliament to amend constitution in order to change mandate of S.A. Reserve bank.  Full Article

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Barclays announces final sale of stake in Barclays Africa

LONDON Barclays will sell a 7 percent stake in Johannesburg-based Barclays Africa Group on December 5, the British bank said on Friday, the latest and likely last in a series of such sales as it ends more than 90 years as a major presence on the continent.