Talk:Absa Group/Archives/2019
This is an archive of past discussions about Absa Group. Do not edit the contents of this page. If you wish to start a new discussion or revive an old one, please do so on the current talk page. |
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External links modified
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I have just modified 9 external links on Barclays Africa Group. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:
- Added archive https://web.archive.org/web/20110819164656/http://www.absa.co.za:80/Absacoza/About-Absa/Absa-Group/Absa-Overview to http://www.absa.co.za/Absacoza/About-Absa/Absa-Group/Absa-Overview
- Added archive https://web.archive.org/web/20111114020726/http://www.absa.co.za:80/Absacoza/About-Absa/Corporate-Citizenship/CSI/Entrepreneurship to http://www.absa.co.za/Absacoza/About-Absa/Corporate-Citizenship/CSI/Entrepreneurship
- Added archive https://web.archive.org/web/20111114022638/http://www.absa.co.za:80/Absacoza/About-Absa/Corporate-Citizenship/CSI/Environment to http://www.absa.co.za/Absacoza/About-Absa/Corporate-Citizenship/CSI/Environment
- Added archive https://web.archive.org/web/20111226010924/http://www.absa.co.za:80/Absacoza/About-Absa/Corporate-Citizenship/Sponsorships/Arts-and-Culture/Absa-L'Atelier-Art-Competition to http://www.absa.co.za/Absacoza/About-Absa/Corporate-Citizenship/Sponsorships/Arts-and-Culture/Absa-L%27Atelier-Art-Competition
- Added archive https://web.archive.org/web/20120123142521/http://www.absa.co.za:80/Absacoza/About-Absa/Corporate-Citizenship/Sponsorships/Sport to http://www.absa.co.za/Absacoza/About-Absa/Corporate-Citizenship/Sponsorships/Sport
- Added archive https://web.archive.org/web/20090910075553/http://www.fin24.com:80/articles/default/display_article.aspx?ArticleId=1518-1786_2551870 to http://www.fin24.com/articles/default/display_article.aspx?ArticleId=1518-1786_2551870
- Added archive https://web.archive.org/web/20140921073132/http://www.newera.org.za/wp-content/uploads/2012/11/Securitisation-A-Conspiracy-of-Silence.pdf to http://www.newera.org.za/wp-content/uploads/2012/11/Securitisation-A-Conspiracy-of-Silence.pdf
- Added archive https://web.archive.org/web/20111209024440/http://absa.co.za/Absacoza/About-Absa/Careers/Life-at-Absa/Awards to http://www.absa.co.za/Absacoza/About-Absa/Careers/Life-at-Absa/Awards
- Added archive https://web.archive.org/web/20111209024440/http://absa.co.za/Absacoza/About-Absa/Careers/Life-at-Absa/Awards to http://www.absa.co.za/Absacoza/About-Absa/Careers/Life-at-Absa/Awards
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Factual inaccuracies and update discussion: March 2017
This edit request by an editor with a conflict of interest was declined. A reviewer felt that this edit would not improve the article. |
Good day. I am a paid employee at Aprio Communications which is contracted to provide communications services and PR to Barclays Africa Group. Full disclosure: I would like to acknowledge a conflict of interest as this request is made on behalf of Barclays Africa.
There are a number of factual inaccuracies which relate to old reporting figures which, with your help, should now be replaced by the audited figures which were announced at the latest Financial Year End Results presentation on 23 February 2017 - see the recommended updates below. These are audited figures and are all available on the Barclays Africa website for further scrutiny - www.barclaysafrica.com.
Please feel free to contact me via the talk page should you wish to discuss any of these edits.
A vast portion of the information in this article is outdated and attributed to Absa bank. As the article refers, Absa is in fact a subsidiary of Barclays Africa (since 2013) however there are still a number references made to Absa Sponsorships, Absa Social Responsibility initiatives, Bank Charges relating to Absa, and a section on Mortgage Loans which relates to Absa. This ignores the broader Barclays Africa group and is therefore somewhat misleading. The photo on the page also shows the Absa building in Johannesburg.
I would very much like to open the discussion as to how to possibly remedy this.e.g. Would it be feasible to create a separate Absa page?
There are a number of updates to this content which we also can suggest - provided the current sections on the page are still appropriate - but this would refer to the latest annual report for the year ended December 2016 (which is still being published). I am cognisant that these suggestions may also require 3rd party referencing as well.
Any suggestions would be most welcome.
Thom
- My proposed infobox updates includes an edit to the Products, Revenue, Operating income, Net income, Total assets, Total equity, Owner, Number of employees and Subsidiaries parameters.
Products | Personal banking, Business banking, Credit cards, Corporate and Investment banking, Wealth management, Investment management, Insurance, Financial services |
---|---|
Revenue | R72.39 billion (2016)[1] |
R21.68 billion (2016)[1] | |
R15.85 billion (2016)[1] | |
Total assets | R1.10 trillion (2016)[1] |
Total equity | R102.28 billion (2016)[1] |
Owner | Barclays plc (50.1%)[1] |
Number of employees | 41 241 (permanent and temporary) (2016)[2] |
Subsidiaries | Absa Bank Limited Barclays Bank of Botswana Limited Barclays Bank of Ghana Limited Barclays Bank of Kenya Limited Barclays Bank of Mauritius Limited Barclays Bank of Mozambique SA Barclays Bank of Seychelles Limited Barclays Bank of Uganda Limited Barclays Bank of Tanzania Limited Barclays Bank of Zambia PLC National Bank of Commerce Limited (Tanzania) |
Website | www |
{{Infobox company
| name = Barclays Africa Group
| logo = [[File:Barclays logo.svg|225px]]
| image =
| image_caption = Barclays Africa Group Head Office in [[Johannesburg]]
| type = [[Public company|Public]]
| traded_as = {{jse|BGA}}
| foundation = 1991: as Amalgamated Banks of South Africa Limited<br>2013: as Barclays Africa Group Limited
| location =
| location_city = [[Johannesburg]]
| location_country = [[South Africa]]
| key_people = Wendy Lucas-Bull<br>(Group Chairman)<br>Maria Ramos<br>(Group Chief Executive)
| area_served = [[Botswana]], [[Ghana]], [[Kenya]], [[Mauritius]], [[Mozambique]], [[Namibia]], [[Nigeria]], [[Seychelles]], [[South Africa]], [[Tanzania]], [[Uganda]], [[Zambia]]
| num_employees = 41 241 (permanent and temporary) (2016)<ref>{{cite web|url=http://www.barclaysafrica.com/deployedfiles/Assets/Richmedia/PDF/Results/Annual/2016_full_year_results_booklet.pdf|title=Barclays Africa Group Limited: Financial results for the reporting period ended 31 December 2016 booklet|author= |publisher=Barclays Africa Group Limited|date= |accessdate=2016-09-24}}</ref>
| revenue = {{increase}} [[South African rand|R]]R72.39 billion (2016)<ref name= "2016 full year results">{{cite web|url=http://www.barclaysafrica.com/deployedfiles/Assets/Richmedia/PDF/SENS/2017/03.March/Full_year_2016_results_23_Feb.pdf|title=Barclays Africa Group Limited: Summary consolidated financial results for the reporting period ended 31 December 2016|author= |publisher=Barclays Africa Group Limited|date= |accessdate=2016-09-24}}</ref>
| operating_income = {{increase}} R21.68 billion (2016)<ref name= "2016 full year results"/>
| net_income = {{increase}} R15.85 billion (2016)<ref name= "2016 full year results"/>
| assets = {{decrease}} R1.10 trillion (2016)<ref name= "2016 full year results"/>
| equity = {{increase}} R102.28 billion (2016)<ref name= "2016 full year results"/>
| owner = [[Barclays|Barclays plc]] (50.1%)<ref name= "2016 full year results"/>
| industry = [[Bank]]ing, [[Financial services]], [[Investment|Investment services]], [[Insurance|Insurance services]]
| products = [[Retail banking|Personal banking]], [[Commercial bank|Business bank]]ing, [[Credit card]]s, [[Commercial bank|Corporate]] and [[Investment banking]], [[Wealth management]], [[Investment management]], [[Insurance]], [[Financial services]]
| parent =
| subsid = Absa Bank Limited<br/>Barclays Bank of Botswana Limited<br/>Barclays Bank of Ghana Limited<br/>Barclays Bank of Kenya Limited<br/>Barclays Bank of Mauritius Limited<br/>Barclays Bank of Mozambique SA<br/>Barclays Bank of Seychelles Limited<br/>Barclays Bank of Uganda Limited<br/>Barclays Bank of Tanzania Limited<br/>Barclays Bank of Zambia PLC<br/>National Bank of Commerce Limited (Tanzania)
- My proposed update for the introduction first sentence would change the company ownership percentage.
==Overview==
- My proposed update for the introduction would change the company ownership percentage.
==Structure==
- There are quite a few changes to the leadership list.
Barclays Africa Group executive committee:[3]
- Deputy Chief Executive Officer (South African operations): David Hodnett
- Deputy Chief Executive Officer (Rest of Africa operations): Peter Matlare
- Financial Director: Jason Quinn
- Chief Risk Officer: Arrie Rautenbach
- Chief Executive: Wealth, Investment Management and Insurance: Nomkhita Nqweni
- Head of Compliance: Yasmin Masithela
Barclays Africa Group executive committee:<ref>{{cite web|url=http://www.barclaysafrica.com/barclaysafrica/About-Us/Board-and-Management/Executive-Committee|title=Barclays Africa Group - Executive Committee|author= |publisher=Barclays Africa Group Limited|date= |accessdate=2017-03-09}}</ref>
* Chief Executive Officer: '''Maria Ramos'''
* Deputy Chief Executive Officer (South African operations): '''David Hodnett'''
* Deputy Chief Executive Officer (Rest of Africa operations): '''Peter Matlare'''
* Financial Director: '''Jason Quinn'''
* Chief Risk Officer: '''Arrie Rautenbach'''
* Group Executive: Marketing, Communications and Public Affairs '''Bobby Malabie'''
* Chief Operating Officer: '''Charles Russon'''
* General Counsel: '''Charles Wheeler'''
* Chief Executive: Retail and Business Banking '''Craig Bond'''
* Chief Executive: Wealth, Investment Management and Insurance: '''Nomkhita Nqweni'''
* Group Human Resources Executive: '''Sarah Louw'''
- Here is the latest shareholding information.
Proposed shareholding table
| ||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Below is the group’s 10 largest shareholders as at 31 December 2016:[4]
|
Markup
|
---|
==Major shareholders== {| class="wikitable" {| class="wikitable" |
I'm happy to answer any questions here. Thanks in advance! Thom at Aprio (talk) 12:54, 15 March 2017 (UTC)
References
- ^ a b c d e f g h "Barclays Africa Group Limited: Summary consolidated financial results for the reporting period ended 31 December 2016" (PDF). Barclays Africa Group Limited. Retrieved 2016-09-24.
- ^ "Barclays Africa Group Limited: Financial results for the reporting period ended 31 December 2016 booklet" (PDF). Barclays Africa Group Limited. Retrieved 2016-09-24.
- ^ "Barclays Africa Group - Executive Committee". Barclays Africa Group Limited. Retrieved 2017-03-09.
- ^ "Barclays Africa Group - Major shareholders". Barclays Africa Group Limited. Retrieved 2017-03-09.
- I will decline this request, seeing it's been 4 months without an answer. If there's any updates for July 2017, feel free to resubmit your request in a new section with the new data. jd22292 (Jalen D. Folf) (talk) 23:48, 15 July 2017 (UTC)
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Assistance with editing page
Good day,
@Jalen D. Folf:My name is Nicola Mawson, and I'm a paid employee of Corporate Image, which assists with communications for BAGL/Absa. We've picked up inaccuracies of a factual nature and I would appreciate opening a discussion to rectify these. Thanks so much!Nicola Mawson (talk) 10:03, 10 August 2017 (UTC)
Factual inaccuracies
Extended content
|
---|
Good day Wikipedians, I am a paid employee at Corporate Image, which is contracted to provide communications services to Barclays Africa Group. Full disclosure: I would like to acknowledge a conflict of interest as this request is made on behalf of Barclays Africa and its subsidiary Absa. Factual inaccuracies There are a number of factual inaccuracies in the existing entry relating to the distinction between Barclays Africa and Absa, as well as outdated ownership and financial information. Please feel free to view the websites for further scrutiny - www.barclaysafrica.com and www.absa.co.za. We have amended the entire article, but have provided only a portion of our suggested changes for your review due to the sheer length of the page. We were unable to clearly mark the changes for easy review due to having initiated the initial article in Word (We would appreciate suggestions as to how to copy and paste from Word into Wikipedia Talk without losing formatting as well, as we also lost the table formatting. We are happy to send the Word doc as an attachment via email.) Content updates A vast portion of the information in this combined Barclays Africa Group Ltd and Absa Bank page deals with both entities. Absa, as the article mentions, is a subsidiary of Barclays Africa (since 2013). However, there are still a number of references on the page which relate to Absa, such as CSI, Health and Education, and this ignores the broader Barclays Africa Group and its Shared Growth initiative, and is therefore somewhat misleading. The photo on the page also shows the Absa building in Johannesburg, and not an image of Barclays Africa. In the interests of accuracy, I would very much like to open the discussion as to how to possibly remedy this. Would it be feasible, for example, to create a separate Absa page to reflect the actual company structure? Further inaccuracies relate to old reporting figures which, with your help, should now be replaced by the audited figures which were announced at the latest Financial Year End Results presentation on 23 February 2017. The staff figures and overall shareholding have also been updated as of the latest results and sell down of the stake by Barclays PLC. These are audited figures and are all available on the Barclays Africa website for further scrutiny - www.barclaysafrica.com. Please feel free to contact me via the talk page should you wish to discuss any of these edits.
Traded as JSE: BGA Industry Banking, Financial services, Investment services, Insurance services Founded 1991: as Amalgamated Banks of South Africa Limited 2013: as Barclays Africa Group Limited Headquarters Johannesburg, South Africa Operational areas Botswana, Ghana, Kenya, Mauritius, Mozambique, Namibia (representative office), Nigeria (representative office), Seychelles, South Africa (branded as Absa), Tanzania, Uganda, Zambia Key people Wendy Lucas-Bull (Chairman and independent director ) Maria Ramos (Chief Executive Officer) Products Personal and business banking, corporate and investment banking, wealth and investment management, insurance Revenue R72.394 billion (2016) Operating profit R21.682 billion (2016) Net profit R15.847 billion (2016) Total assets R1.101 trillion (2016) Total equity R102.280 billion (2016) Owner Barclays PLC (14.9%), Financial Institutions on behalf of the PIC (7% as November 30, 2017), Old Mutual Asset Managers (4.62), Allan Gray (4.13%), Blackrock (2.95), interim B-BBEE structure 1.5% (as of September 4, 2017). Number of employees 41 241 (permanent and temporary) (2016) Subsidiaries Absa Bank, Barclays Bank Seychelles, Barclays Bank Botswana, Barclays Bank Tanzania, Barclays Bank Kenya, Barclays Bank Mauritius, Barclays Bank Ghana, Barclays Bank Zambia, NBC Tanzania, Barclays Bank Uganda, Barclays Bank Mozambique. Website www.barclaysafrica.com
Overview[edit source] Barclays Africa Group Limited is 14.9% owned by Barclays Bank PLC as of November 30, 2017 and is listed on the JSE Limited. The group is one of Africa’s major financial services providers offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management, and Bancassurance. The group was formed through combining Absa Group Limited and Barclays’ African operations on 31 July 2013. Reflecting the enlarged group’s pan-African focus, the group's name changed from Absa Group Limited, to Barclays Africa Group Limited on 2 August 2013. Registered head offices are in South Africa and the group has majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. The group has representative offices in Namibia and Nigeria, and Bancassurance operations in Botswana, Mozambique, South Africa and Zambia. Barclays Bank Kenya and Barclays Bank Botswana continue to be listed on their respective stock exchanges. Barclays Bank PLC had operations in Egypt and Zimbabwe, which were separate to the Barclays Africa Group Limited structure. Barclays Zimbabwe has been sold to First Merchant Bank, a Malawi-listed lender , while Barclays Egypt was sold to Morocco's Attijariwafa Bank . Absa is a signatory of the South African Financial Sector Charter. [Suggestion for Wiki. We suggest this be moved and incorporated in a separate Absa page.] History[edit source] Absa was founded in 1991 through the merger of financial service providers United Bank (South Africa), the Allied Bank (South Africa), the Volkskas Bank Group and certain interests of the Sage Group.[4] The following year, Absa acquired the entire shareholding of the Bankorp Group which included Trustbank, Senbank and Bankfin, thereby extending its asset base further. In the early years of this union, each bank operated under its own name. In 1998 they were fused into one single brand. A year later, Absa adopted a new corporate identity and the name was changed into Absa Group Limited.[5] To cement the union achieved in 1998, Absa decided to adopt a single brand and provide an array of financial services offering "simple, uncomplicated banking relationships, value for money, stability, convenience and superior customer service".[6] In May 2005, Barclays Bank of the United Kingdom purchased a 56.4% stake in Absa as part of its drive to expand its global product and international retail and commercial banking businesses to untapped markets outside the UK.[7] Barclays called the transaction its largest investment outside the UK and the largest ever direct foreign investment in South Africa.[8] In early 2007, the Barclays Bank acquisition of Absa was criticised by governor of the South African Reserve Bank, Tito Mboweni who said he "had yet to see the benefits of Barclays' management of Absa".[9] The Barclays Africa regional office was officially opened in December 2011 in Johannesburg. In 2012, Barclays Africa and Absa operations were consolidated into a single management structure in Johannesburg. Barclays Africa Group was formed on July 31 2013 when Absa and Barclays’s African operations were combined. As part of the merger, Absa bought Barclays’s interests in its African operations through the issue of ordinary shares to Barclays at a value of R18.3 billion. As a result, Barclays PLC’s stake in Absa Group, rebranded Barclays Africa Group, increased to 62.3% from 55.5% . On 1 March 2016, Barclays PLC announced it would sell down its interest in Barclays Africa to a level which would permit deconsolidation from both regulatory and accounting perspectives. The first tranche of 12.2% was successfully sold through an accelerated book build on 5 May 2016 – reducing its shareholding to 50.1%. On 31 May 2017, Barclays PLC further reduced its shareholding through the largest book build in South African history at R38 billion. On 1 June 2017, shareholders were advised that Barclays PLC had reduced its total interest in Barclays Africa to 23.4% from 50.1%, in addition to which 1.5% would be contributed by Barclays to a broad-based black economic empowerment (“B- BBEE”) scheme in due course; and 7.0% would be taken up by the Public Investment Corporation SOC Limited (“PIC”) on a deferred completion, subject to receipt of all necessary regulatory approvals by the PIC, following which Barclays’ total interest in Barclays Africa would be approximately 15%. On 4 September 2017, a transaction was effected in which the 1.5% stake in Barclays Africa was transferred from Barclays to an interim B-BBEE structure which was established by Barclays Africa, and accordingly Barclays’ total interest in Barclays Africa was reduced to 21.9%. The intention is that these shares will be held in the interim B-BBEE structure for a period before ultimately being applied towards a new Barclays Africa B-BBEE scheme. Pending receipt of the required regulatory approvals, and pursuant to an agreement between Barclays, the PIC and the local subsidiaries of two international financial institutions (the “Financial Institutions”), Barclays transferred (subject to settlement) the 7.0% stake in Barclays Africa to the Financial Institutions on 30 November 2017.Barclays PLC now owns 14.9% . Barclays PLC is no longer the controlling shareholder of Barclays Africa Group, which now has a diverse shareholder portfolio made up of long-term, institutional and individual investors . In December 2016, SA Public Protector Busisiwe Mkhwebane, sent a preliminary report to Absa, the Reserve Bank, the National Treasury and the Presidency. This report was leaked to the media in January 2017. On 19 June 2017, the Public Protector released the final report, “Report No:8 of 2017/18 on allegations of maladministration corruption, misappropriation of public funds and failure by the South African Government to implement the CIEX Report and to recover public funds from ABSA Bank . This report states that, between 1985-1992, Bankorp Ltd/Absa Bank received extensive illegal bailout funds that amounted to R1.1 billion from the Reserve Bank. Absa bought Bankorp in 1992, by which time the assistance was already in place. In the report Mkhwebane has directed the Special Investigating Unit to approach the Presidency for a proclamation that would force Absa to pay back R1.125 billion for these allegedly unlawful financial interventions.[9][10] The South African Reserve Bank, National Treasury, Parliament and Absa have lodged various applications to review and set aside the Public Protector’s report on several grounds . Absa and National Treasury have filed papers seeking to overturn the report in its entirety. This matter has now been heard and judgement is due early in 2018 .
https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/results/annual/2016-full-year-results-booklet.pdf https://www.barclaysafrica.com/about-us/board-and-management/board/ https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/reports/2016/2016-Integrated-report.pdf https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/results/annual/2016-full-year-results-booklet.pdf https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/results/annual/2016-full-year-results-booklet.pdf https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/results/annual/2016-full-year-results-booklet.pdf https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/results/annual/2016-full-year-results-booklet.pdf https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/results/annual/2016-full-year-results-booklet.pdf https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/results/interim/2017-interim-results-booklet.pdf https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/results/annual/2016-full-year-results-booklet.pdf http://www.sharenet.co.za/v3/sens_display.php?tdate=20171201081400&seq=11&scode https://www.ft.com/content/64ca79ea-46e7-11e7-8519-9f94ee97d996 http://www.enca.com/africa/moroccos-attijariwafa-paid-twice-book-value-for-barclays-egypt-acquisition https://www.moneyweb.co.za/news/companies-and-deals/barclays-africa-over-the-years/ http://www.sharenet.co.za/v3/sens_display.php?tdate=20171201081400&seq=11&scode https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/sens/2017/jan-jun/bag-reference-to-barclays-plc-sale-of-shares-1-june.pdf http://www.pprotect.org/library/investigation_report/2016-17/Report%208%20of%202017&2018%20Public%20Protector%20South%20Africa.pdf http://www.biznews.com/briefs/2017/06/23/parliament-public-protector-absa https://www.resbank.co.za/Lists/News%20and%20Publications/Attachments/7865/SARB%20High%20Court%20application.pdf http://www.treasury.gov.za/comm_media/press/2017/2017060702%20National%20Treasurys%20%20affidavit%20on%20reviewing%20of%20the%20Public%20Protector%20report.pdf) http://ewn.co.za/2017/12/07/judgment-reserved-in-review-of-mkhwebane-s-bankorp-report |
Nicola Mawson (talk) 10:07, 5 January 2018 (UTC)
Conflicts of interest
NOTE: This article has seen major edits to remove bias (March 2018). Please ensure you declare conflicts of interest or paid-contribution by Barclays and make suggestions for change here. Do not edit directly as per Wikipedia:Conflict_of_interest and Wikipedia:Paid-contribution_disclosure. -- Waddie96 (talk)
Financial, shareholding and executive updates
This edit request by an editor with a conflict of interest was declined. Portions of the edit request are insufficiently paraphrased from the source material. (See WP:CLOSEPARAPHRASE.) Additionally, the edit request is not properly formatted to include all necessary references placed at their positions within the text as suggested by Wikipedia guidelines. (See WP:INTEGRITY.) |
Good day Wikipedians. I am a paid employee at Corporate Image, which is contracted to provide communications services to Barclays Africa Group. Full disclosure: I would like to acknowledge a conflict of interest as this request is made on behalf of Barclays Africa and its subsidiary Absa. We would like to bring the following content updates to your attention for amendment. These include financial updates, executive structure updates, as well as shareholding. We have also updated other newsworthy matters, such as the Public Protector case. We would sincerely appreciate your assistance in implementing these edits. Barclays Africa Group Limited announced at its annual results presentation on March 1, 2018 that it had taken the decision, following the selldown by Barclays PLC to 14.9% from a majority stake, to change its corporate name. The name of the group holding company will change from Barclays Africa Group to Absa Group Limited, subject to receiving the appropriate regulatory and shareholder approval. The 2017 reporting figures should also, with your help, be replaced by the audited figures which were published on March 1, 2018. These are audited figures and are all available on the Barclays Africa website for further scrutiny and are for the year to December 2017: https://www.barclaysafrica.com/investor-relations/announcements-and-publications/financial-results/. The latest annual report is also available at https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/results/annual/2017-integrated-report.pdf. In addition, the group recently announced executive changes, which are reflected below. Please feel free to contact me via the talk page should you wish to discuss any of these edits.
Barclays Africa Group Type Public
Traded as JSE: BGA
Industry Banking, Financial services, Investment services, Insurance services
Founded 2013: as Barclays Africa Group Limited Headquarters Johannesburg, South Africa
Operational areas Botswana, Ghana, Kenya, Mauritius, Mozambique, Namibia (representative office), Nigeria (representative office), Seychelles, South Africa (branded as Absa), Tanzania, Uganda, Zambia
Key people Wendy Lucas-Bull (Chairman and independent director )) Maria Ramos (Chief Executive Officer) Products Personal and business banking, corporate and investment banking (CIB), wealth and investment management, insurance (Wimi)
Revenue R72.9 billion (2017) [1]
Operating profit R22.8 billion (2017)[1]
Net profit R16.5 billion (2017)[1]
Total assets R1.17 trillion (2017)[1]
Total equity R108.3 billion (2017)[1]
Owner Barclays PLC(14.88%); Financial Institutions on behalf of the PIC (7% as of December 31, 2017), Old Mutual Asset Managers (4.47), Blackrock (3.06), Prudential Investment Managers (2.01), interim B-BBEE structure 1.5% (as of September 4, 2017) Number of employees 41 703 (permanent and temporary) (2017) [1]
Subsidiaries Absa Bank, Barclays Bank Seychelles, Barclays Bank Botswana, Barclays Bank Tanzania, Barclays Bank Kenya, Barclays Bank Mauritius, Barclays Bank Ghana, Barclays Bank Zambia, NBC Tanzania, Barclays Bank Uganda, Barclays Bank Mozambique. [1] Website www.barclaysafrica.com
Barclays Africa Group From Wikipedia, the free encyclopedia
Barclays Africa Group Limited (JSE: BGA), formerly Absa Group Limited, originally Amalgamated Banks of South Africa, is an Africa-based financial services provider, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Its subsidiaries include:
- Absa Bank Limited
- Barclays Bank Seychelles
- Barclays Bank Botswana
- Barclays Bank Tanzania
- Barclays Bank Kenya
- Barclays Bank Mauritius
- Barclays Bank Ghana
- Barclays Bank Zambia
- NBC Tanzania
- Barclays Bank Uganda
- Barclays Bank Mozambique. [1]
. Overview[edit] Barclays Africa Group Limited is 14.9% owned by Barclays Bank PLC and is listed on the JSE Limited.[3] Barclays Africa Group Limited announced, at its annual results presentation on March 1, 2018 that it had taken the decision, following the selldown by Barclays PLC to 14.9% from a majority stake, to change its corporate name. The name of the group holding company will change from Barclays Africa Group to Absa Group Limited, subject to receiving the appropriate regulatory and shareholder approval . Barclays PLC’s shareholding in Barclays Africa reduced to 23.4% through a second bookbuild in June 2017, which was followed, in September 2017, by the delivery of a cash contribution, enabling an interim empowerment structure to acquire 1.5% of the shares in Barclays Africa for purposes of a future broad-based black economic empowerment structure, and a further sale in November of 7% to two institutional shareholders, which hold the shares on behalf of the Public Investment Corporation (PIC) pending regulatory approvals to transfer the stake to the PIC. In just six months, by December 2017, Barclays PLC transitioned from being a majority shareholder to holding just 14.9% and Barclays Africa ceased to be a subsidiary in a broader banking group, becoming a standalone African financial services group . The group is one of Africa’s major financial services providers offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management, and Bancassurance. The Barclays Africa Group was initially formed through combining Absa Group Limited and several Barclays PLC Africa operations on 31 July 2013. Reflecting the enlarged group’s pan-African focus, the group's name changed from Absa Group Limited, to Barclays Africa Group Limited, on 2 August 2013. Its registered head offices are in South Africa and the group has majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. The group has representative offices in Namibia and Nigeria, and Bancassurance operations in Botswana, Mozambique, South Africa and Zambia. Barclays Bank Kenya and Barclays Bank Botswana continue to be listed on their respective stock exchanges. Barclays Bank PLC had operations in Egypt and Zimbabwe, which were separate to the Barclays Africa Group Limited structure. Barclays Zimbabwe has been sold to First Merchant Bank, a Malawi-listed lender[5] , while Barclays Egypt was sold to Morocco's Attijariwafa Bank[6]. South African subsidiary Absa is a signatory of the South African Financial Sector Charter.
On 9 March 2018, Barclays Africa announced executive changes, which included that the heads of its four operating arms will report directly to group CEO Maria Ramos. Arrie Rautenbach will head Absa’s retail and business banking (RBB); he moves to the role from group chief risk officer, while August Van Heerden will succeed Rautenbach as chief risk officer. This was implemented following the company’s announcement on 1 Match 2018 of its new growth strategy. This strategy, which required a change in operating model, will deliver three stated priorities: firstly, restoring market leadership in core businesses; secondly, creating a thriving organisation; and thirdly, building new propositions. Other appointments the Group announced included chief operating officer Charles Russon switching to the role of chief technology officer. Bongiwe Gangeni was promoted to deputy CE of the RBB division from head of distribution of the Wealth, Investment Management and Insurance (WIMI) division. Head of compliance, Yasmin Masithela, was appointed CE of strategic services .
History[edit] See also: Absa v Sweet Absa was founded in 1991 through the merger of financial service providers United Bank (South Africa), the Allied Bank (South Africa), the Volkskas Bank Group and certain interests of the Sage Group.[7] The following year, Absa acquired the entire shareholding of the Bankorp Group which included Trustbank, Senbank and Bankfin, thereby extending its asset base further. In the early years of this union, each bank operated under its own name. In 1998 they were fused into one single brand. A year later, Absa adopted a new corporate identity and the name was changed into Absa Group Limited.[8] To cement the union achieved in 1998, Absa decided to adopt a single brand and provide an array of financial services offering "simple, uncomplicated banking relationships, value for money, stability, convenience and superior customer service".[9] In May 2005, Barclays Bank of the United Kingdom purchased 56.4% stake in Absa as part of its drive to expand its global product and international retail and commercial banking businesses to untapped markets outside the UK.[10] Barclays called the transaction its largest investment outside the UK and the largest ever direct foreign investment in South Africa.[11] In early 2007 the Barclays Bank acquisition of Absa was criticised by then governor of the South African Reserve Bank Tito Mboweni who said he "had yet to see the benefits of Barclays' management of Absa".[12] The Barclays Africa regional office was officially opened in December 2011 in Johannesburg. In 2012, Barclays Africa and Absa operations were consolidated into a single management structure in Johannesburg. Barclays Africa Group was formed on July 31, 2013 when Absa and Barclays’s African operations were combined. As part of the merger, Absa bought Barclays’s interests in its African operations through the issue of ordinary shares to Barclays at a value of R18.3 billion. As a result, Barclays PLC’s stake in Absa Group, rebranded Barclays Africa Group, increased to 62.3% from 55.5%[13]. On 1 March 2016, Barclays PLC announced it would sell down its interest in Barclays Africa to a level which would permit deconsolidation from both regulatory and accounting perspectives. The first tranche of 12.2% was successfully sold through an accelerated book build on 5 May 2016 – reducing its shareholding to 50.1%. On 31 May 2017, Barclays PLC further reduced its shareholding through the largest book build in South African history at R38 billion. On 1 June 2017, shareholders were advised that Barclays PLC had reduced its total interest in Barclays Africa to 23.4% from 50.1%, in addition to which 1.5% would be contributed by Barclays to a broad-based black economic empowerment (“B- BBEE”) scheme in due course; and 7.0% would be taken up by the Public Investment Corporation SOC Limited (“PIC”) on a deferred completion, subject to receipt of all necessary regulatory approvals by the PIC, following which Barclays’ total interest in Barclays Africa would be approximately 15%. On 4 September 2017, a transaction was effected in which the 1.5% stake in Barclays Africa was transferred from Barclays to an interim B-BBEE structure which was established by Barclays Africa, and accordingly Barclays’ total interest in Barclays Africa was reduced to 21.9%. The intention is that these shares will be held in the interim B-BBEE structure for a period before ultimately being applied towards a new Barclays Africa B-BBEE scheme. Pending receipt of the required regulatory approvals, and pursuant to an agreement between Barclays, the PIC and the local subsidiaries of two international financial institutions (the “Financial Institutions”), Barclays transferred (subject to settlement) the 7% stake in Barclays Africa to the Financial Institutions on 30 November 2017.Barclays PLC now owns 14.9%[14]. Barclays PLC is no longer the controlling shareholder of Barclays Africa Group, which now has a diverse shareholder portfolio made up of long-term, institutional and individual investors[15]. Public Protector In December 2016, SA Public Protector Busisiwe Mkhwebane, sent a preliminary report to Absa, the Reserve Bank, the National Treasury and the Presidency. This report was leaked to the media in January 2017. On 19 June 2017, the Public Protector released the final report, “Report No:8 of 2017/18 on allegations of maladministration corruption, misappropriation of public funds and failure by the South African Government to implement the CIEX Report and to recover public funds from ABSA Bank[16]. This report states that, between 1985-1992, Bankorp Ltd/Absa Bank received extensive illegal bailout funds that amounted to R1.1 billion from the Reserve Bank. Absa bought Bankorp in 1992, by which time the assistance was already in place. In the report Mkhwebane directed the Special Investigating Unit to approach the Presidency for a proclamation that would force Absa to pay back R1.125 billion for these allegedly unlawful financial interventions[17] [18]. The Pretoria High Court set aside the report in February, 2018, including all its remedial actions, and ordered Mkhwebane to pay 15% of the Reserve Bank’s costs in her personal capacity, with her office to pay the remainder, as well as the costs of Absa on an attorney-client scale, including costs of three counsel[22]. Mkhwebane lost an application for leave to appeal in the High Court against these costs, and, as of March 29, 2018 was set to appeal directly to the Supreme Court of Appeals against the costs awarded against her .
Structure[edit] Barclays Africa Group Limited is 14.9 percent owned by Barclays Bank PLC, and is listed on the JSE Limited. Barclays Bank of Kenya and Barclays Bank of Botswana continue to be listed on their respective stock exchanges. [N: Note to Wikipedia: As Barclays Zimbabwe and Egypt have been sold, the note about them being owned by Barclays PLC and managed by Barclays Africa Group Limited is redundant, and this aspect is covered higher up.] Leadership[edit] In 2009, Absa appointed one of South Africa’s most successful and highly regarded businesswomen, Maria Ramos as the Group Chief Executive. Prior to joining Absa, Ramos had held numerous high-profile jobs as the Director-General of the National Treasury from 1996 to 2003, and as Group Executive of Transnet Limited from 2004 to 2009. She has been ranked as the ninth most influential woman in international business by Fortune magazine. She won South Africa’s Business Woman of the Year award in 2001, and was named Business Leader of the Year by the Sunday Times’ Business Times in 2005. Barclays Africa Group executive committee as of March 9, 2018 . • Chief Executive Officer: Maria Ramos • Deputy Chief Executive Officer (South African operations): David Hodnett • Deputy Chief Executive Officer (Rest of Africa operations): Peter Matlare • Financial Director: Jason Quinn • Chief Executive Officer: RBB South Africa: Arrie Rautenbach • Chief Risk Officer: August Van Heerden • Group Executive: Marketing and Corporate Relations: Bobby Malabie • Chief Technology Officer: Charles Russon • General Counsel: Charles Wheeler • Chief Executive: Wealth, Investment management and Insurance Nomkhita Nqweni • CEO of Strategic Services: Yasmin Masithela
Major shareholders[edit] Below are the group’s largest shareholders as at 31 December 2017: Largest shareholders 31 December 2017 (%) Barclays Bank Plc (UK) 14.88 Public Investment Corporation (SA) 6.56 Old Mutual Asset Managers (SA) 4.47 BlackRock, Inc. (USA, UK) 3.06 Prudential Investment Managers (SA) 2.95 The Vanguard Group (US, AU) 2.89 Schroders PLC (US) 2.69 Dimensional Fund Advisors (UK, US) 2.39 Others 60.11 Geographical holding (by owner) 31 December 2017 (%) South Africa 40.68 United Kingdom 27.52 United States and Canada 16.58 Other countries 15.22
The relevant new references for verification are listed below:
https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/results/annual/group-earnings-for-the-year-ended-31-December2017.pdf https://www.fin24.com/Companies/Financial-Services/barclays-africa-to-return-to-its-absa-roots-20180302 https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/results/annual/2017-integrated-report.pdf https://www.businesslive.co.za/bd/companies/financial-services/2018-04-09-absa-reshuffles-its-executives/ https://www.barclaysafrica.com/about-us/board-and-management/executive-committee/ http://ewn.co.za/2018/03/29/mkhwebane-s-office-to-approach-sca-to-challenge-high-court-ruling https://www.standardmedia.co.ke/business/article/2000207718/barclays-africa-bets-on-shared-growth-strategy-to-drive-growth
Thank you most kindly!!
Nicola Mawson (talk) 19:22, 26 April 2018 (UTC)
Reply 06-MAY-2018
- Portions of your edit request are insufficiently paraphrased from the source material. A listing of this text may be found here. Unless the material is part of a quotation, all information which is added to the article must be phrased in your own words, using your own expressions. (See WP:CLOSEPARAPHRASE.)
- The edit request is not properly formatted. Although there appears to be reference notes placed at the end of sentences throughout the proposed text (e.g.,
A year later, Absa adopted a new corporate identity and the name was changed into Absa Group Limited.[8]
), these note numbers do not appear to be linked to any of the references provided in your proposal. These references do not appear to be numerically linked either (i.e., there are 8 references, but the reference notes found in the text are numbered to 22). This renders the processes of determining which reference confirms which statement nearly impossible. The edit request when proposed on the talk page ought to present as fully formatted text including all references placed at the positions suggested by Wikipedia guidelines. (See WP:INTEGRITY.)
When these issues are addressed, please feel free to reopen your edit request at your earliest convenience. Regards, .spintendo⋅⋅) 00:21, 7 May 2018 (UTC)
Name change
This edit request by an editor with a conflict of interest has now been answered. |
Hi all, BAGL - or Barclays Africa Group Limited - will change its name on 11 July to Absa Group Limited. The ticker will change on the same day on the JSE. The SENS is here: https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/sens/2018/jan-jun/SENS-barclays-africa-group-results-of-the-AGM.pdf. A news article relating to this is here: https://www.enca.com/money/barclays-africa-to-revert-name-back-to-absa In addition, David Hodnett has resigned as a director. Here's the SENS: https://www.barclaysafrica.com/content/dam/barclays-africa/bagl/pdf/sens/2018/jan-jun/SENS%20-barclays-africa-group-change-to-directorship.pdf We would appreciate any assistance with an update, given that we have a conflict of interest. In particular, would it be possible for the page URL and name description to change on July 11 2018? Thanks so much!! Nicola Mawson (talk) 16:35, 27 May 2018 (UTC)
Reply 27-MAY-2018
There are a few issues that would need to be addressed to ensure a smooth change of names come July. Until then, a sentence can be placed in the current article which describes the upcoming changes to readers of the article.
- In this new lead sentence we can use the As of template for the date of the name change, like so:
This template will alert editors when the time comes to change the name of the page.Barclays Africa Group Limited, as of 11 July 2018[update] to be known once again as Absa Group Limited (having previously existed under that name from specify date to 2013), is a South African financial services provider.
- Some editors may feel that this lead sentence would violate content guidelines which say that Wikipedia is WP:NOTACRYSTALBALL, so there is no guarantee that once this sentence is added it would not be reverted until the date the actual change occurs.
- Due to WP:NC, when the page name is changed in July the name would be Absa Group and not Absa Group Limited, although you can still specify Absa Group Limited in the lead sentence (as I've shown in the example above).
- You need to confirm the beginning date that the company was previously known by the name Absa (there is already the date of the change from Absa to Barclays) then I can place that date into the lead sentence.
- As of now there is a redirect from the name Absa Group, so changing the page name in July back to the old name might require sysops to intervene to ensure that the redirect reversal works perfectly and that all page histories are shown correctly.
- The redirect from Absa Group Limited would also have to be updated come July to redirect to Absa Group instead of to the Barclays page.
If all of this is okay with you, and you'd like the lead sentence to be changed from now until July as indicated, please open a new edit request with the date information requested, and I can add the sentence to the article. Regards, .spintendo 19:03, 27 May 2018 (UTC)
Name change
This edit request by an editor with a conflict of interest has now been answered. |
Hi Spintendo
Thanks for your assistance, I've responded inline
Reply 27-MAY-2018 There are a few issues that would need to be addressed to ensure a smooth change of names come July. Until then, a sentence can be placed in the current article which describes the upcoming changes to readers of the article.
N> That would be helpful, thanks!
In this new lead sentence we can use the As of template for the date of the name change, like so: Barclays Africa Group Limited, as of 11 July 2018 to be known once again as Absa Group Limited (having previously existed under that name from specify date to 2013), is a South African financial services provider.
N> This is the official history: 1991 – The Amalgamated Banks of South Africa (Absa) is created through the unification of United, Allied, and Volkskas Banks and certain Sage interests. It's also the same as on the Wikipedia page.
N> This is also not correct as a journalist misconstrued the date, it's 11 July 2018 as per SENS etc in my previous post. "In March 2018, Barclays Africa announced the group's name would revert to Absa Group Limited, effective 30 May 2018.[12]"
This template will alert editors when the time comes to change the name of the page. Some editors may feel that this lead sentence would violate content guidelines which say that Wikipedia is WP:NOTACRYSTALBALL, so there is no guarantee that once this sentence is added it would not be reverted until the date the actual change occurs.
N> Even with the citations would this be the case? Although I get your point about predicting the future.
Due to WP:NC, when the page name is changed in July the name would be Absa Group and not Absa Group Limited, although you can still specify Absa Group Limited in the lead sentence (as I've shown in the example above). You need to confirm the beginning date that the company was previously known by the name Absa (there is already the date of the change from Absa to Barclays) then I can place that date into the lead sentence. As of now there is a redirect from the name Absa Group, so changing the page name in July back to the old name might require sysops to intervene to ensure that the redirect reversal works perfectly and that all page histories are shown correctly.
N> How tricky is it to involve sysops? The redirect from Absa Group Limited would also have to be updated come July to redirect to Absa Group instead of to the Barclays page. If all of this is okay with you, and you'd like the lead sentence to be changed from now until July as indicated, please open a new edit request with the date information requested, and I can add the sentence to the article. Regards, .spintendo 19:03, 27 May 2018 (UTC)
N> Please, that would be most helpful.
N> Could you also edit the leadership to reflect that David Hodnett resigned on 9 April? Would you need the SENS/articles again? They are in my previous post. Nicola Mawson (talk) 16:46, 30 May 2018 (UTC)
- I must admit I'm completely confused about the date. You stated in your request that the date change would be 11 July 2018. Your post above now states:
"This is also not correct as a journalist misconstrued the date, it's 11 July 2018 as per SENS etc in my previous post. 'In March 2018, Barclays Africa announced the group's name would revert to Absa Group Limited, effective 30 May 2018.'"
We now have no less than 3 dates ascribed to this change of name: March 2018, 30 May 2018, and finally 11 July 2018. If there were incorrect and therefore irrelevant dates used before, there is no need to repeat their usage here to muddy the waters so to speak. Please indicate with absolute certainty which of these dates is the correct one for the name change. Then I will be able to address your other questions, which all seem dependent on what this date is. Thank you! .spintendo 17:19, 30 May 2018 (UTC)- @Nicola Mawson: Pinging the editor again to make sure they got my last message. There was confusion over the dates listed, so what I need to know now is just a confirmation from you on which of these dates was the one where the name change has occurred or will occur. Please advise. Thanks! .spintendo 01:43, 3 June 2018 (UTC)
@Spintendo
Thanks,
The news that the name change would happen was announced on 1 March 2018: https://www.reuters.com/article/brief-barclays-africa-says-plans-to-chan/brief-barclays-africa-says-plans-to-change-name-to-absa-group-ltd-idUSFWN1QJ054
The 30 May date was incorrectly reported as the effective date, the name is set to change on 11 July after shareholders (99.999%) approved the name change at the 15 May 2018 AGM: http://www.destinyman.com/2018/05/15/barclays-africa-change-name-absa-group/
Hope that clarifies.
Nicola Mawson (talk) 07:25, 3 June 2018 (UTC)
Hi Spintendo,
Just double checking this landed on your side?
N
Nicola Mawson (talk) 13:02, 2 July 2018 (UTC)
Name change reply 02-JUL-2018
I've set a reminder to make this change on Wednesday 11 July 2018. spintendo 13:22, 2 July 2018 (UTC)
Thanks you User:Spintendo
Nicola Mawson (talk) 10:10, 8 July 2018 (UTC)
Thanks so much for the major changes! Much appreciated. Some of the text needs updating though, and the share code is ABG, will pop through these soon.
Nicola Mawson (talk) 04:41, 12 July 2018 (UTC)
Incorrect share code
Good day fellow Wikipeadians,
For disclosure, I still have a conflict of interest as I work at Corporate Image, which is paid by Absa Group.
There are two aspects that are not factually accurate that I wish to bring to your attention.
The first is the name, which is on Wikipedia as: ABSA Group Limited - the name should be written as Absa Group Limited.
https://businesstech.co.za/news/banking/228559/barclays-africa-to-change-its-name-to-absa/
The second is that the share code is incorrect as it is not ABSP, which is the ticker for preference shares for Absa Bank, but rather ABG. https://www.fnb.co.za/shareinfo/shareinfo/TickerList.jsp#
I would appreciate if these changes could be made.
Thanks so much!
Nicola Mawson (talk) 06:22, 25 July 2018 (UTC)
- Changed the stock code - was incorrect and Absa Group seems to be the correct case not upper case. Someone will change the article name. Bear with us.Conlinp (talk) 08:33, 25 July 2018 (UTC)
Leadership - factual errors
Hi all,
For some reason, the leadership section has been edited to reflect incorrect people, which is most odd.
This is what it was edited to:
Absa Group executive committee:[17]
Chief Executive Officer: Maria Ramos Group Deputy Chief Executive Officer: Peter Matlare Group Financial Director: Mr.Reza Abtin pour (incorrect) Chief Executive: Retail and Business Banking South Africa: Arrie Rautenbach Chief Risk Officer: August van Heerden Group Executive: Brand and Corporate Relations: Bobby Malabie Deputy Chief Executive Officer: Retail and Business Bank: Bongiwe Gangeni General Counsel and the acting head of Compliance: Charles Wheeler Chief executive: Engineering Services: Eng.Reza Sardari Zade (incorrect) Chief Executive: Wealth, Investment Management and Insurance: Nomkhita Nqweni Group Executive: Strategic Services: Yasmin Masithela
Here is the correct list:
https://www.absa.co.za/about-us/absa-bank/absa-bank-executive-com/
Can it please be changed back to the correct list? Thanks so so much!
N
Nicola Mawson (talk) 08:36, 3 September 2018 (UTC)
Hi all,
Could these factual inaccuracies please be rectified? No idea who, or why, the changes were made, but they are blatantly wrong. Thanks so much! [1] Nicola Mawson (talk) 09:09, 30 September 2018 (UTC)
Executive changes
Hi all,
There have been some changes in terms of leadership at Absa's CIB unit. Here's a link to the SENS, which I have also pasted below. Please could these changes be added?
Thanks so much!
http://www.sharenet.co.za/v3/sens_display.php?tdate=20181105095200&seq=21
Executive appointments and change to ABSA Group and ABSA Bank Boards
ABSA GROUP LIMITED (formerly Barclays Africa Group Limited) Incorporated in the Republic of South Africa Registration number: 1986/003934/06 Share Code: ABG ISIN: ZAE000255915 (Absa Group or the Group)
ABSA BANK LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1986/004794/06) JSE share code: ABSP ISIN: ZAE000079810 (Absa Bank)
EXECUTIVE APPOINTMENTS AND CHANGE TO ABSA GROUP AND ABSA BANK
BOARDS
Shareholders are informed of the following:
Charles Russon has been appointed Chief Executive: Corporate and Investment Bank, in respect of Absa Group and Absa Bank, with immediate effect.
Paul O’Flaherty, in turn, becomes Chief Executive: Engineering Services (responsible for technology, data and security), the position currently held by Charles Russon. As part of this role, Paul will also take responsibility for our separation from Barclays PLC.
In accordance with paragraph 3.59 (b) of the JSE Listings Requirements, shareholders are advised that Paul O’ Flaherty, who was appointed as an independent non-executive director of Absa Group and Absa Bank on 1 February 2016, will resign from these roles to assume the executive position, with immediate effect.
Both executives will report to the Group Chief Executive Officer and will be on the Absa Group Executive Committee. Both appointments are subject to regulatory approval.
Background on the two executives
Charles Russon has had a long career in corporate and investment banking, having worked for Merrill Lynch (in London) and Deutsche Bank (in London and Frankfurt) before joining Absa Capital as Chief Financial Officer in 2006. He later became CIB Chief Operating Officer, before taking up a role as Regional Head of Finance for the Group in 2012 and, thereafter, Chief Operating Officer for the Group in 2014.
Paul O’Flaherty was most recently Chief Executive Officer of Al Naboodah Group Enterprises in the United Arab Emirates (Feb 2016 – March 2018). He is also a former Chief Executive Officer of ArcelorMittal South Africa (July 2014 – January 2016) and Finance Director and Group Executive: Capital Projects of Eskom (January 2010 – July 2013). Johannesburg 5 November 2018
Enquiries: Alan Hartdegen +27 (0) 72 576 2713 E-mail: Alan.Hartdegen@absa.africa
Lead Independent Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Joint Sponsor: Absa Bank - Corporate and Investment Bank
Date: 05/11/2018 09:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Email this JSE Sens Item to a Friend.
Nicola Mawson (talk) 13:45, 5 November 2018 (UTC)
Suggested changes
Corp image (talk) 12:01, 4 January 2019 (UTC) Stephanie from Corporate Image (username corp image), 4 January 2019
Hi there
My name is Stephanie and I'm a paid employee of Corporate Image, a company representing Absa Group Ltd. Full disclosure: I would like to acknowledge a conflict of interest as my requests will be made on behalf of Absa Group.
I have several suggested changes for your consideration, which I've listed below. If you have any questions, please leave me a note on this page and I will endeavour to answer.
I look forward to working with you going forward.
Kind regards, Stephanie
(1) Capitalisation of company name
Would it be possible to change the name of this page from "ABSA Group Limited" to "Absa Group Limited"? As per the company's website, they no longer stylise their name in all caps, and the body of the Wikipedia entry is correct in this regard. However, the name of the page is inconsistent and currently reflects all caps. I have noticed that there is already a page called "Absa Group Limited", which redirects to "ABSA Group Limited". It would be more correct if "ABSA Group Limited" redirected to "Absa Group Limited" instead of the other way around.
(2) Change of subsidiary name
Absa Bank is listed as a subsidiary of the Group. It's full name is "Absa Limited" and the Group owns 100% of this subsidiary. Would it be possible to include the share percentage and full name of the subsidiary?
(3) Addition of companies to subsidiaries list
Further, only one subsidiary is listed on the Absa Wikipedia page, but the Group has several subsidiaries. Please could you add these to the subsidiaries list? I have included the citation below.
Subsidiaries[2] |
---|
Absa Financial Services Limited (100%) |
Barclays Bank of Botswana Limited (67.8%) |
Barclays Bank of Ghana Limited (100%) |
Barclays Bank of Kenya Limited (68.5%) |
Barclays Bank Mauritius Limited (100%) |
Barclays Bank of Mozambique Limited (98.1%) |
Barclays Bank of Seychelles Limited (99.8%) |
Barclays Bank of Uganda Limited (100%) |
Barclays Bank of Zambia plc (100%) |
National Bank of Commerce Limited (55%) |
Barclays Bank Tanzania Limited (100%) |
(4) Changes to introductory paragraph
Would it be possible to replace the opening paragraph with the paragraph below? I have made some edits to the current paragraph, and have indicated what has been changed in italics below. I have included a citation.
Absa Group Limited (JSE: ABG), formerly Barclays Africa Group Limited, and originally Amalgamated Banks of South Africa, is one of Africa’s largest diversified financial services groups, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. It is the majority shareholder of 10 banks spanning Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, Tanzania, Uganda and Zambia, with a further two representative offices in Namibia and Nigeria. It also has an international office in London, which opened in September 2018[3]. Absa is a signatory of the South African Financial Sector Charter.
(5) Changes to major shareholders
The shareholders have changed since this article was last updated. Below is a list of the updated shareholders. Would it be possible to replace this with the content below (sourced from the Absa website). I have included the citation in the text below.
The Group’s 10 largest shareholders, as at 1 May 2018 and following the Barclays plc selldown, are[4]:
Current majority shareholders | 1 May 2018 (%) |
---|---|
Barclays plc (UK) | 14.88 |
Public Investment Corporation (SA) | 6.53 |
Deutsche Securities (SA) | 4.28 |
Old Mutual Asset Managers (SA) | 3.56 |
BlackRock, Inc. (US) | 3.48 |
Fidelity International Limited (UK) | 3.18 |
Prudential Investment Managers (SA) | 3.18 |
Citigroup Global Markets (SA) | 3.01 |
The Vanguard Group (US, AU) | 3 |
Schroders plc (UK) | 2.92 |
Others | 51.98 |
Shareholding split (by geography) | 1 May 2018 (%) |
---|---|
South Africa | 40.47 |
United Kingdom | 27.27 |
United States and Canada | 17.64 |
Other countries | 14.62 |
Corp image (talk) 15:01, 14 January 2019 (UTC)
Hi everyone
Just wondering if anyone has had a chance to review my suggested changes for the Absa Wikipedia page, or if it's gotten lost in the new year rush? :)
Thanks so much,
Stephanie
RFC Suggested edits by COI editor
Should the edits recommended by the employee of the ABSA Group Limited be approved--VVikingTalkEdits 15:07, 14 January 2019 (UTC)
- All potential edits suggested should be look at to ensure that they are relevant and unbiased. If Wikipedia wishes to stay relevant as a goto source of information, we need to keep company web-pages updated and if that means being given a nudge by the companies, so be it. Otherwise don't bother having a page dedicated to them or companies will begin paying others to do what we volunteers do. Disclaimer, I am not paid by any organisations to make changes. Conlinp (talk) 08:48, 15 January 2019 (UTC)
- Yes These suggestions are fairly neutral. I could suggest a wording change or two but it's all basically useful factual updates as is. Jojalozzo (talk) 22:47, 26 January 2019 (UTC)
Absa CEO changed
This edit request by an editor with a conflict of interest has now been answered. |
Good day all,
I trust you are all well. I work with Stephanie from Corporate Image and, consequently, still have a conflict of interest as we still hold the Absa account.
Thanks so much for the positive engagement around this page!
Could we please request an update to the CEO. Maria Ramos has retired, and there is a new CEO, Rene van Wyk:
In addition, Absa's full-year results for 2018 are available.
Here's the booklet: https://www.absa.africa/content/dam/africa/absaafrica/pdf/results/annual/results-booklet.pdf
And the SENS: https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/absa-results-sens-annoucement-group.pdf
We'll be referring to both of these when requesting updates on the numbers, which we will be posting shortly.
Have a lekker day further!
Nicola Mawson (talk) 05:35, 5 April 2019 (UTC)
References
- ^ https://www.absa.co.za/about-us/absa-bank/absa-bank-executive-com/
- ^ "Who we are". Absa Africa. Retrieved 2019-01-04.
- ^ "Absa opens UK office, hopes to profit from post-Brexit trade in Africa". Fin24. 2018-09-13. Retrieved 2019-01-04.
- ^ "Shareholders". Absa Africa. Retrieved 2019-01-04.
Reply 5-APR-2019
- The interim CEO has been appended to the infobox.
- The Leadership subheading has been omitted, per WP:NOTADIRECTORY.
Please ensure that all subsequent edit requests contain the properly formatted references making use of Citation Style 1, with the proper use of ref tags in the request to indicate which reference applies where. Thank you! Regards, Spintendo 13:58, 5 April 2019 (UTC)
Hi @Spintendo
The home page is showing the coding at the top of the article.
Thanks
Nicola Mawson (talk) 11:31, 8 April 2019 (UTC)
2018 Financial Results
Part of an edit requested by an editor with a conflict of interest has been implemented. [See below] |
Good morning,
Absa released its full-year 2018 results (for the year to December) on 11 March. We've grabbed the latest figures and provided them below.
We have provided both IFRS and normalised numbers for your consideration as Absa reported both. The normalised earnings strip out the distorting effect of items related to the separation from Barclays PLC.
Revenue (IFRS) | R76.7 billion (2018) [1] |
Revenue (normalised) | R75.7 billion (2018) [1] |
Operating income (IFRS) | R21.5 billion (2018) [1] |
Operating income (normalised) | R24 billion (2018) [1] |
Net income (IFRS) | R14.14 billion (2018) [1] |
Net income (normalised) | R16.12 billion (2018) [1] |
Total assets (IFRS) | R1.288 trillion (2018) [1] |
Total assets (normalised) | R1.286 trillion (2018) [1] |
Total equity (IFRS) | R121.6 billion (2018) [1] |
Total equity (normalised) | R112.9 billion (2018) [1] |
For owner, could you please remove this line, as Barclays PLC is no longer a majority shareholder, and therefore not an owner, as per shareholding on page 207 of the results booklet [2]
Also, is there any chance the page name can please be changed from ABSA to Absa, which is how it is officially referred in all documents.
Thanks in advance, and have a splendid day further!
Nicola Mawson (talk) 06:41, 16 April 2019 (UTC)
References
- ^ a b c d e f g h i j Full-year results, Absa 2018. "Absa 2018 full-year result" (PDF). Absa.Africa. Absa. Retrieved 12 April 2019.
{{cite web}}
: CS1 maint: numeric names: authors list (link) - ^ Results Booklet, Absa 2018. "Absa 2018 Results" (PDF). Absa.Africa. Absa. Retrieved 12 April 2019.
{{cite web}}
: CS1 maint: numeric names: authors list (link)
Reply 16-APR-2019
Edit request partially implemented
- The financials were updated.
- The
|owner=Barclays PLC
parameter was deleted. - Changing the capitalization of Amalgamated Banks of South Africa is to change the standards for capitalization of an acronym, a potentially controversial move. To err on the side of caution, your request should be submitted using the
{{requested move}}
template specifically as a controversial move request process requiring discussion amongst the wider community.- A controversial requested move typically takes about 7 days to complete.
- Before taking this step, please ensure that you are well acquainted with the requested move process by thoroughly reviewing its procedures.
- More information can be found at requested moves.
Regards, Spintendo 13:31, 16 April 2019 (UTC)
Reply 26-APR-2019
Thank you so much, I see that for revenue, the normalised figure was used, and all the others are IFRS. Could they all be standardised on one or the other?
N
Nicola Mawson (talk) 10:02, 26 April 2019 (UTC)
Requested move 26 April 2019
- The following is a closed discussion of a requested move. Please do not modify it. Subsequent comments should be made in a new section on the talk page. Editors desiring to contest the closing decision should consider a move review after discussing it on the closer's talk page. No further edits should be made to this discussion.
The result of the move request was: Moved. In future WP:RM/TR can be used for uncontroversial requests like this. — Martin (MSGJ · talk) 12:48, 8 May 2019 (UTC)
ABSA Group Limited → ? – Absa's name change in 2018 involved a move from ABSA to Absa, and it is now convention among most media[1], and the company, to have the name as Absa. The name change from ABSA (as reflected in the old logo) to Absa took place last May, and was approved by shareholders at the AGM It also trades as Absa on the JSE. [2]We would appreciate if the name change could be effected. Thanks Nicola Mawson (talk) 10:17, 26 April 2019 (UTC)
References
- @Nicola Mawson: Hi Nicola. The problem is there is already an article called Absa Group Limited. This is a redirect page to ABSA Group Limited. That needs fixing or removing first. Will see if I can find an ADMIN that can help me. The change is not controversial and the preferred title is in use. Regards Paul Conlinp (talk) 10:58, 26 April 2019 (UTC)
- comment: Conlinp, when the discussion is closed the redirect will be dealt with. Seeing as the nominator opened a RM discussion, it will be best to leave everything where it is for now, until this is closed. The redirect can be dealt with by an extended mover or administrator. Dreamy Jazz 🎷 talk to me | my contributions 20:42, 28 April 2019 (UTC)
Thanks all, is there anything required from my side? Nicola Mawson (talk) 05:38, 2 May 2019 (UTC)
- The above discussion is preserved as an archive of a requested move. Please do not modify it. Subsequent comments should be made in a new section on this talk page or in a move review. No further edits should be made to this section.
Requested changes to introduction
This edit request by an editor with a conflict of interest was declined. Some or all of the changes weren't supported by neutral, independent, reliable sources. Consider re-submitting with content based on media, books and scholarly works. |
Thanks so much for the name page change!
Good day, could we please request that the introduction be changed from:
Absa Group Limited (JSE: ABG), formerly Barclays Africa Group Limited, and originally Amalgamated Banks of South Africa, is a South African financial services provider, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Absa Bank Limited is a wholly owned subsidiary of Absa Group Limited.[5]
To:
Absa Group Limited (JSE: ABG), formerly Barclays Africa Group Limited, and originally Amalgamated Banks of South Africa, is one of Africa’s largest diversified financial services groups, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. It is the majority shareholder of 10 banks spanning Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, Tanzania, Uganda and Zambia, with a further two representative offices in Namibia and Nigeria. It also has an international office in London, which opened in September 2018[1]. Absa is a signatory of the South African Financial Sector Charter.
The above change reflects the fact that Absa, while headquartered in South Africa, is an African banking Group.
It also reflects all the Bank's offerings, beyond the bankassurance, which is in the initial, as well as its subsidiaries, and London office.
These changes would be a more accurate representation of Absa's presence and what it is, and what it offers.
At the same time, could we ask that subsidiaries be noted in the pull out box (on the right of the screen) as Absa.co.za is not Absa Group's only subsidiary.
Thanks so much!
Subsidiaries |
---|
Absa Bank Limited (100%) [2] |
Absa Financial Services Limited (100%) [3] |
Barclays Bank of Botswana Limited (67.8%) [4] |
Barclays Bank of Ghana Limited (100%) [5] |
Barclays Bank of Kenya Limited (68.5%) [6] |
Barclays Bank of Mauritius Limited (100%) [7] |
Barclays Bank of Mozambique Limited (98.1%) [8] |
Barclays Bank of Seychelles Limited (99.8%) [9] |
Barclays Bank of Uganda Limited (100%) [10] |
Barclays Bank Zambia plc (100%) [11] |
National Bank of Commerce Limited (55%) [12] |
Barclays Bank Tanzania Limited (100%) [13] |
Nicola Mawson (talk) 14:12, 27 May 2019 (UTC)
References
- ^ Fin24. “Absa opens UK office, hopes to profit from post-Brexit trade in Africa”. Retrieved on 2018-12-04.
- ^ Absa Group Limited. “Who We Are”. Retrieved 2018-12-04.
- ^ Absa Group Limited. “Who We Are”. Retrieved 2018-12-04.
- ^ Absa Group Limited. “Who We Are”. Retrieved 2018-12-04.
- ^ Absa Group Limited. “Who We Are”. Retrieved 2018-12-04.
- ^ Absa Group Limited. “Who We Are”. Retrieved 2018-12-04.
- ^ Absa Group Limited. “Who We Are”. Retrieved 2018-12-04.
- ^ Absa Group Limited. “Who We Are”. Retrieved 2018-12-04.
- ^ Absa Group Limited. “Who We Are”. Retrieved 2018-12-04.
- ^ Absa Group Limited. “Who We Are”. Retrieved 2018-12-04.
- ^ Absa Group Limited. “Who We Are”. Retrieved 2018-12-04.
- ^ Absa Group Limited. “Who We Are”. Retrieved 2018-12-04.
- ^ Absa Group Limited. “Who We Are”. Retrieved 2018-12-04.
Reply 27-MAY-2019
- The requested claim indicates that Absa is "the majority shareholder of 10 banks" but has provided no source reference for this claim.
Regards, Spintendo 19:24, 27 May 2019 (UTC)
Requested change to introduction
Good morning,
Apologies for only reverting now, the previous request (declined due to no attribution on the ownership of subsidiaries) which was declined, was archived and it took some time for me to find it. #Newbie.
The request is posted again below, with the correct referencing. I'd appreciate a review of the below and, if acceptable, the changes made. Thanks so much!
Could we please request that the introduction be changed from:
Absa Group Limited (JSE: ABG), formerly Barclays Africa Group Limited, and originally Amalgamated Banks of South Africa, is a South African financial services provider, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Absa Bank Limited is a wholly owned subsidiary of Absa Group Limited.[5]
To: Absa Group Limited (JSE: ABG), formerly Barclays Africa Group Limited, and originally Amalgamated Banks of South Africa, is one of Africa’s largest diversified financial services groups, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. It is the majority shareholder of 11 banks spanning Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (two entities), Uganda and Zambia, with a further two representative offices in Namibia and Nigeria[1]. It also has an international office in London, which opened in September 2018[2]. Absa is a signatory of the South African Financial Sector Charter.
The above change reflects the fact that Absa, while headquartered in South Africa, is an African banking Group[3].
It also reflects all the Bank's offerings, beyond bankassurance, which is in the original introduction, as well as its subsidiaries, and London office. These changes would be a more accurate representation of Absa's presence and what it is, and what it offers.
At the same time, could we ask that subsidiaries be noted in the pull out box (on the right of the screen) as Absa.co.za is not Absa Group's only subsidiary. (Basically, the table in the body of the post reflects all the subsidiaries, and we would appreciate them being listed in the pull out box also.)
Subsidiaries |
---|
Absa Bank Limited (100%) [4] |
Absa Financial Services Limited (100%) [5] |
Barclays Bank of Botswana Limited (67.8%) [6] |
Barclays Bank of Ghana Limited (100%) [7] |
Barclays Bank of Kenya Limited (68.5%) [8] |
Barclays Bank of Mauritius Limited (100%) [9] |
Barclays Bank of Mozambique Limited (98.1%) [10] |
Barclays Bank of Seychelles Limited (99.8%) [11] |
Barclays Bank of Uganda Limited (100%) [12] |
Barclays Bank Zambia plc (100%) [13] |
National Bank of Commerce Limited (55%) [14] |
Barclays Bank Tanzania Limited (100%) [15] |
Thanks so much! Nicola Mawson (talk) 07:08, 18 June 2019 (UTC)
Requested change to introduction
Good morning,
Apologies for only reverting now, the previous request (declined due to no attribution on the ownership of subsidiaries) which was declined, was archived and it took some time for me to find it. #Newbie.
The request is posted again below, with the correct referencing. I'd appreciate a review of the below and, if acceptable, the changes made. Thanks so much!
Could we please request that the introduction be changed from:
Absa Group Limited (JSE: ABG), formerly Barclays Africa Group Limited, and originally Amalgamated Banks of South Africa, is a South African financial services provider, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Absa Bank Limited is a wholly owned subsidiary of Absa Group Limited.[5]
To: Absa Group Limited (JSE: ABG), formerly Barclays Africa Group Limited, and originally Amalgamated Banks of South Africa, is one of Africa’s largest diversified financial services groups, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. It is the majority shareholder of 11 banks spanning Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (two entities), Uganda and Zambia, with a further two representative offices in Namibia and Nigeria[16]. It also has an international office in London, which opened in September 2018[17]. Absa is a signatory of the South African Financial Sector Charter.
The above change reflects the fact that Absa, while headquartered in South Africa, is an African banking Group[18].
It also reflects all the Bank's offerings, beyond bankassurance, which is in the original introduction, as well as its subsidiaries, and London office. These changes would be a more accurate representation of Absa's presence and what it is, and what it offers.
At the same time, could we ask that subsidiaries be noted in the pull out box (on the right of the screen) as Absa.co.za is not Absa Group's only subsidiary. (Basically, the table in the body of the post reflects all the subsidiaries, and we would appreciate them being listed in the pull out box also.)
Subsidiaries |
---|
Absa Bank Limited (100%) [19] |
Absa Financial Services Limited (100%) [20] |
Barclays Bank of Botswana Limited (67.8%) [21] |
Barclays Bank of Ghana Limited (100%) [22] |
Barclays Bank of Kenya Limited (68.5%) [23] |
Barclays Bank of Mauritius Limited (100%) [24] |
Barclays Bank of Mozambique Limited (98.1%) [25] |
Barclays Bank of Seychelles Limited (99.8%) [26] |
Barclays Bank of Uganda Limited (100%) [27] |
Barclays Bank Zambia plc (100%) [28] |
National Bank of Commerce Limited (55%) [29] |
Barclays Bank Tanzania Limited (100%) [30] |
Thanks so much! Nicola Mawson (talk) 07:08, 18 June 2019 (UTC)
Results - inconsistency in numbers
Good day all,
Thank you for the update to the introduction.
There is a mix of normalised and IFRS numbers used in the pull out box. I've pasted the numbers below again. Please could we requested that either IFRS or Normalised be used throughout, as they are different accounting standards and using the two interchangeably is inaccurate and presents the incorrect picture.
Thank you so much!!
Item | Value |
---|---|
Revenue (IFRS) | R76.7 billion (2018) [31] |
Revenue (normalised) | R75.7 billion (2018) [32] |
Operating income (IFRS) | R21.5 billion (2018) [33] |
Operating income (normalised) | R24 billion (2018) [34] |
Net income (IFRS) | R14.14 billion (2018) [35] |
Net income (normalised) | R16.12 billion (2018) [36] |
Total assets (IFRS) | R1.288 trillion (2018) [37] |
Total assets (normalised) | R1.286 trillion (2018) [38] |
Total equity (IFRS) | R121.6 billion (2018) [39] |
Total equity (normalised) | R112.9 billion (2018) [40] |
N
Nicola Mawson (talk) 06:13, 10 July 2019 (UTC)
- And the reference is? Conlinp (talk) 09:48, 10 July 2019 (UTC)
Updated with this reference, as per the initial post requesting updates to the numbers. The numbers have not changed, it's just that the edit was made mixing up two accounting standards (IFRS and normalised). Full-year results, Absa 2018. "Absa 2018 full-year result" (PDF). Absa.Africa. Absa. Retrieved 12 April 2019.
Thank you!!
Nicola Mawson (talk) 11:10, 19 August 2019 (UTC)
Inconsistency in numbers
This edit request by an editor with a conflict of interest has now been answered. |
Good day,
Has anyone had a chance to look at the above post in terms of normalised and IFRS numbers being used interchangeably? Would appreciate your assistance. Thanks so much!
Nicola Mawson (talk) 12:12, 15 October 2019 (UTC)
References
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.fin24.com/Companies/Financial-Services/absa-opens-uk-office-to-entice-post-brexit-trade-in-africa-20180913
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.fin24.com/Companies/Financial-Services/absa-opens-uk-office-to-entice-post-brexit-trade-in-africa-20180913
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/absaafrica/about-us/who-we-are/
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/absa-results-sens-annoucement-group.pdf
Reply 15-OCT-2019
- It's unclear if the numbers you've posted represent the data as it should be displayed or if it is incorrect data which is currently displayed. Please clarify.
- Also, the reference you've provided returns the HTTP 404 error, meaning it is not accessible. Please clarify.
- When ready to proceed with the requested information, kindly change the
{{request edit}}
template's answer parameter to read from|ans=yes
to|ans=no
. Thank you!
Regards, Spintendo 13:47, 15 October 2019 (UTC)
Reply 01-NOV-2019
Hi there,
Not certain if I have understood the request in terms of template change. What may be easier is if you could please update the numbers as below. The below numbers are all normalised, which removes any issues with different accounting standards. These are also as reported on by the media.
Item | Value | |
---|---|---|
Revenue | R75.7 billion | 2018 [1] |
Operating income | R24 billion | 2018 [2] |
Net income | R16.12 billion | 2018 [3] |
Total assets | R1.286 trillion | 2018 [4] |
Total equity | R112.9 billion | 2018 [5] |
Reference for all, which works:
Thank you all so much!!
Nicola Mawson (talk) 10:35, 1 November 2019 (UTC)
References
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf
Reply 1-NOV-2019
- The page number of the source upon which the figures are to be found has not been provided with the request (the report is 75 pages in length). Without a page number, the proposed financial figures cannot be verified.
Regards, Spintendo 14:15, 1 November 2019 (UTC)
Reply 14-NOV-2019
Thank you for the feedback, I have inserted page numbers after the link in the reference. I trust this is correct. Page numbers are as printed, and not the page number on the viewer. All figures are on a normalised basis
N
Item | Value | |
---|---|---|
Revenue | R75.7 billion | 2018 [1] |
Operating income | R24 billion | 2018 [2] |
Net income | R16.128 billion | 2018 [3] |
Total assets | R1.288 trillion | 2018 [4] |
Total equity | R121.6 billion | 2018 [5] |
Thank you
Nicola Mawson (talk) 07:38, 14 November 2019 (UTC)
References
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf pg 13
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf pg 13
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf pg 13
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf pg 13
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf pg 15
Your formating of the page numbers is incorrect based on the citation style used in the article. Please ensure that you utilize WP:CS1 (as that is the predominantly-used style in the article) as well as the {{RP}}
template when placing different page numbers within the same source. Be sure to add a {{request edit}}
template to a new request placed at the bottom of the talk page when ready to proceed. Regards, Spintendo 12:05, 14 November 2019 (UTC)
Absa subsidiaries
This edit request by an editor with a conflict of interest has now been answered. |
Good day Wikipedians
For the below subsidiary list, two countries have recently changed names and brands to Absa - Mozambique and Uganda
Extended content
|
---|
Uganda has been updated, thank you. Mozambique, flagged below, has not. It is now Absa Bank Mozambique [1] All else remains the same Absa Bank Limited (100%) Absa Financial Services Limited (100%) Barclays Bank of Botswana Limited (67.8%) Barclays Bank of Ghana Limited (100%) Barclays Bank of Kenya Limited (68.5%) Barclays Bank of Mauritius Limited (100%)
Absa Bank Seychelles Limited (99.8%) Absa Bank Uganda Limited (100%) Barclays Bank Zambia plc (100%) National Bank of Commerce Limited (55%) Barclays Bank Tanzania Limited (100%) |
Thank you so much
Nicola Mawson (talk) 07:28, 14 November 2019 (UTC)
- Done This is arguably a change which could have been made by the COI editor themself, per WP:COIU. Regards, Spintendo 12:05, 14 November 2019 (UTC)
Thank you! Nicola Mawson (talk) 14:20, 21 November 2019 (UTC)
Year-end financials (2018) Trying again
This edit request by an editor with a conflict of interest has now been answered. |
Hi fellow Wikipedians
Thank you for your patience with me as I learn.
I have amended the references. Trust this is correct?
Item | Value | Period |
---|---|---|
Revenue | R75.7 billion | 2018 [1] |
Operating income | R24 billion | 2018 [2] |
Net income | R16.128 billion | 2018 [3] |
Total assets | R1.288 trillion | 2018 [4] |
Total equity | R121.6 billion | 2018 [5] |
Thanks so much!
Nicola Mawson (talk) 14:20, 21 November 2019 (UTC)
References
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf%7Cpage=13
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf%7Cpage=13
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf%7Cpage=13
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf%7Cpage=13
- ^ https://www.absa.africa/content/dam/africa/absaafrica/pdf/sens/2019/jan-jun/absa-results-sens-annoucement-group.pdf%7Cpage=15
Reply 22-NOV-2019
- This information already exists in the infobox and the reference being used for it is archived, meaning an updated URL is unnecessary.
Regards, Spintendo 16:16, 22 November 2019 (UTC)
Reply 26-NOV-2019
Hi Spintendo,
There seems to be some confusion. The information in the info box incorrectly uses IFRS and Normalised numbers interchangeably. We provided an updated table with normalised numbers only. For example, Operating Income on the info box is IFRS, while the table we provided is Normalised. It's incorrect, from an accounting perspective, to not stick to one standard.
Trust that clarifies