BUSINESS DAY TV: ‘Good conduct is nonnegotiable’
Maria Ramos is the CEO of Barclays Africa. BUSINESS DAY TV: Barclays Africa has agreed the terms to separate its operations from Barclays Plc as it reduces its shareholding in its African operations. The announcement came along with the 2016 financial results which showed a slowdown in profit growth, particularly in SA. We’re speaking to group CEO Maria Ramos. Maria ... so another tough year lies ahead. How much more difficult does it become as you manage the separation at the same time? MARIA RAMOS: We should just keep things in perspective. Our headline earnings are up 5% and in a very challenging economic environment, so we are reasonably happy with that performance, particularly from our rest of Africa business where we saw earnings up 17%, so SA is lower at 2%. Overall the performance has been a good one in a tough year. We’ve also had the Barclays separation to deal with and I believe we’ve done that really well. We’ve now reached agreement with (Barclays) Plc which is still s...
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