Absa confirms divorce is on time and on budget
The separation from Barclays is on track to be capital and cash-flow neutral
07 June 2019 - 14:17
Absa group says its complex and costly separation from its former parent company Barclays is on time and on budget with a year still to go.
Absa says the project is 69% complete, with 82 of the total 266 work streams still to be completed. So far it has spent R8.5bn of the R12.6bn it was paid upfront as part of the settlement...
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