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

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This article first appeared on 702 : Barclays to sell part of Absa stake in retreat from Africa, speculates WSJ


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