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Market Report (Business)

Barclays Africa Group releases strong results

·             Headline earnings increased by 5% to R14.9 billion

·                  Pre-provision profit increased by 10% to R32.4 billion

·                  Revenue increased by 8% to R72.4 billion

·                  Contribution from non-SA businesses increases to 23% of group revenue

·                  Impairments increased by 26%

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GetBucks Botswana lists medium term note on BSE

GABORONE - GetBucks Botswana Limited, a subsidiary of Frankfurt-listed Fintech, MyBucks, today listed its medium term note on the Botswana Stock Exchange (BSE).

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Hollard ‘swallows’ Regent Botswana

Hollard Insurance has announced it has acquired Regent Botswana Group from JSE listed Imperial Holdings after receiving regulatory approval from the both the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) of Botswana and the Competition Authority of Botswana enabling it to have a market presence in Botswana, Lesotho and Zambia in a transaction worth ZAR670million.

The merged entity whose transition ends July 2017 will culminate in the formation of Hollard Botswana, employing approximately 120 people, creating Botswana’s largest short term insurer and the country’s third largest life insurer.

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Opinion Poll

Who do you think is the next Bots President..?!

1
419
UDC - Duma Boko
(3)
2
298
BCP - Dumelang Saleshando
(4)
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244
BDP - Seretse Khama Ian Khama
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