Training programme provides big dreams for small town boy

Training programme provides big dreams for small town boy

Posted By: Shopprice South Africa Cape Town – As a child growing up in the small town of Zoar in the Western Cape, Ryan Adams had two dreams: to one day be More »

6 aid workers killed in South Sudan

6 aid workers killed in South Sudan

Posted By: Shopprice South Africa   Six aid workers were killed in an ambush in South Sudan on Saturday, the UN’s humanitarian coordinator for the country said. The aid workers were traveling More »

Trump: US will act unilaterally on North Korea if necessary

Trump: US will act unilaterally on North Korea if necessary

Posted By: Shopprice South Africa (CNN)US President Donald Trump has declared he would be willing to go it alone to restrain North Korea’s nuclear weapons program should China fail to change the More »

Climate change could render Sudan ‘uninhabitable’

Climate change could render Sudan ‘uninhabitable’

Posted By: Shopprice South Africa Temperatures are rising, water supplies are scarce, soil fertility is low and severe droughts are common. After years of desertification, its rich biodiversity is under threat and More »

Farm workers still maltreated, hearings find

Farm workers still maltreated, hearings find

Posted By: Shopprice South Africa Evictions and the bad, cruel behavior of farm workers were among the troubling trends uncovered by country-wide hearings by the cover Committee on Rural Development and Land More »

Limpopo residents attack pastors and congregation

Limpopo residents attack pastors and congregation

Posted By: Shopprice South Africa The Limpopo police have pushed into water a manhunt for a group of group members who attacked church pastors and their persons in great number in Mecklenburg More »

EFF to hold vigil on Sunday evening ahead of Malema’s court appearance

EFF to hold vigil on Sunday evening ahead of Malema’s court appearance

Posted By: Shopprice South Africa EFF first Julius Malema said to so give support to his supporters to go into land 2 years ago at the meeting of friends’ elective meeting The More »

EFF will ask Parliament to dissolve Eskom board

EFF will ask Parliament to dissolve Eskom board

Posted By: Shopprice South Africa The Economic Freedom Fighters on Friday called on the board of Eskom to move after Ceo Brian Molefes example in making ready to put up with too More »

Kidnapped Cape businessman still missing

Kidnapped Cape businessman still missing

Posted By: Shopprice South Africa Cape Town business-man Naushad Deshmukh was still lost by Friday after 12 a.m. with no new developments, Western Cape police said.Representative Captain FC Van Wyk said the More »

DA to lay charges against Brian Molefe after Eskom resignation

DA to lay charges against Brian Molefe after Eskom resignation

Posted By: Shopprice South Africa The Democratic agreement (DA) will put charges against Eskom Ceo Brian Molefe supporters his statement giving up position, the meeting of friends said on Friday. Molefe resigned More »

 

Barclays boosts its key capital ratio

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Shopprice South Africa

London – Barclays said on Thursday it had raised 603 million pounds ($875.50 million) from the sale of a 12.2 percent stake in Barclays Africa Group, boosting its key capital ratio by 10 basis points. Barclays is selling down its 62 percent stake in the South African lender as part of a plan to simplify the bank’s structure, shore up its balance sheet and generate higher shareholder returns.

Following completion of placing, the British lender will hold 424.7 million ordinary shares in capital of Barclays Africa, representing approximately 50.1 percent of its issued share capital. The disposal is expected to result in a proforma increase of approximately 10 basis points to its common equity tier 1 ratio, a key measure of the bank’s financial strength.

Barclays did not give any details on the investors who took part in the placing, but South Africa’s state pension fund Public Investment Corporation (PIC) was in discussions on Wednesday to acquire up to 10.3 million shares. The PIC, Africa’s largest fund manager with more than $122 billion of South African government employee pension assets under its custody, is already the second-biggest shareholder in BAG with a holding of about 6 percent.

 

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