Absa’s announcement this week that it has substantially and successfully completed its separation from former parent Barclays, on time and on budget, was a major milestone — one that should yield benefits in new skills, new energy and new systems that go well beyond the separation itself.

But it was a milestone too for a banking sector that over the past four years has been transforming its ownership structure, with unbundlings and separations — driven by the need to unlock value for shareholders and/or keep regulators happy — at five of SA’s big six banking groups...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now