Barclays to sell part of Absa stake in retreat from Africa, speculates WSJ

Barclays is preparing to stage a gradual retreat from Africa, according to a new article in the Wall Street Journal.

Mike Wills interviewed Kokkie Kooyman, Portfolio Manager at Denker Capital.

Kooyman shared his views about the Wall Street Journal’s speculation that Barclays is planning to sell its stake in Absa.

Scroll down for quotes from the audio below.

Where there is smoke there is fire. But keep in mind that there has not been confirmation by Barclays.

Kokkie Kooyman, Portfolio Manager at Denker Capital

Long-term, strategic thinkers should be coming into Africa!

Kokkie Kooyman, Portfolio Manager at Denker Capital

I don’t think you’ll find a lot of players who’ll stand up and take this.

Kokkie Kooyman, Portfolio Manager at Denker Capital

Barclays needing capital is the primary reason for this.

Kokkie Kooyman, Portfolio Manager at Denker Capital

Subscribe to our Business Wrap Newsletter


Recommended

by THE NEWSROOM

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
'Next year they’re going to have to look at another VAT increase'

'Next year they’re going to have to look at another VAT increase'

Finance Minister Malusi Gigaba’s first Budget Speech is done and dusted. Bruce Whitfield interviews TaxTim cofounder Marc Sevitz.

Budget 2018: 'It could’ve been a lot worse!'

Budget 2018: 'It could’ve been a lot worse!'

The Money Show's Bruce Whitfield interviews Jabu Mabuza (CEO Initiative) and Prof Osman Mollagee (PWC).

How ‘Hippo Roller’ eased a burden and became a phenomenon

How ‘Hippo Roller’ eased a burden and became a phenomenon

The Money Show’s Bruce Whitfield interviews Hippo Water Roller Project CEO Grant Gibbs.

'Budget is excellent under the circumstances. I give it 9 out of 10'

'Budget is excellent under the circumstances. I give it 9 out of 10'

The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.

Hyundai Creta has the best ad ever! Mitsubishi ASX? Not so much…

Hyundai Creta has the best ad ever! Mitsubishi ASX? Not so much…

Advertising expert Andy Rice loves the Hyundai Creta ad, but hates the one for the Mitsubishi ASX.

400 000 tons of perfectly good glass goes into landfills each year in SA

400 000 tons of perfectly good glass goes into landfills each year in SA

The Money Show’s Bruce Whitfield interviews The Glass Recycling Company CEO Shabeer Jhetam.

Popular articles
Discovery CEO (and founder) Adrian Gore bares his soul about money

Discovery CEO (and founder) Adrian Gore bares his soul about money

The Money Show’s Bruce Whitfield interviews Gore about his attitude to money (hopes and fears, successes and failures, etc.).

"Duduzane Zuma is the Gupta family's greatest asset"

"Duduzane Zuma is the Gupta family's greatest asset"

Sunday Times journo Thanduxolo Jika who broke the front page story about the Gupta family emails vouches for their authenticity.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...