Barclays Africa Grp Ltd. JSE: BGA

Barclays shares

Background of Barclays Africa

  • Barclays started out as a goldsmith banking business in London in 1690. In 1736, James Barclay joined the business as a partner. Several years later in 1896, a group of banks in London and in the English provinces united to form a joint-stock bank called Barclays and Co.

  • With shares available to buy on the Johannesburg Stock Exchange (JSE) Barclays Africa Group Limited was formed through the combination of Absa Group Limited and Barclays’ African operations in 2013. With its head office in South Africa, the group also has majority stakes in banks in Mozambique, Botswana, Kenya, Tanzania, Uganda, Mauritius, Ghana, Seychelles and Zambia. The group has representative offices in Namibia and Nigeria, and insurance operations in South Africa, Botswana, Mozambique, Kenya, Tanzania and Zambia.

  • The group offers a portfolio of products and services for personal and business banking, credit card facilities, corporate and investment banking, portfolio investment, wealth and investment management, and insurance.

  • The group has grown to service 12.3 million customers, at more than 1 250 branches across Africa. Barclays Africa share price continues to remain pressured due to the unstable global economy, but is still a popular share to buy and trade.

Barclays Africa Shares Growth Driver

  • As one of Africa’s largest banking groups, Barclays Africa has access to massive capital resources which have allowed it to extend its reach across the continent. The latest financial data demonstrated above-average performance, with the bank increasing headline earnings by 10% and upping return on equity by 17%, the highest percentage gains since the global financial crisis started in 2008.

  • Barclays’ strategy is driven by four clear themes. As an African financial services provider, the group aims to buy into growth opportunities to connect Africa to international markets. Second, as a client-focused organisation, the primary focus is to make lives easier and to help customers prosper. Third, the group is simplifying business processes to better serve customers, reduce costs and improve efficiencies. Finally, the group uses a dynamic workforce and information technology to connect clients with innovations such as online and mobile banking. Barclays Africa share price and performance largely hinges on the health of African economies, which has been struggling.

Barclays Africa Group Investor Tip

  • From May 2015 to May 2016, Barclays Africa share price experienced a drop of more than 26%. The forecast from polled investment analysts who advised that Barclays Africa would outperform the market earlier in the year, has deteriorated, with analysts now advising investors to hold their position in the company. Very few are recommending that investors buy Barclays Africa shares.

  • Barclays recently reduced its stake in Barclays Africa Group, by putting shares up for sale and selling 12.2%, leaving it with a holding of 50.1%. This is part of a plan for Barclays to raise cash, shrink on a global basis and lessen capital burdens. With current uncertainty as to the future of the group, confidence in the purchase of Barclays Africa shares has been hampered, with Barclays Africa share price erratic.

Barclays Africa Major Shareholders

Barclays Bank, Public Investment Corporation.

  • Sector

    Financials

  • Industry

    Banking

  • Sub industry

    Banks

How to buy Barclays Africa Group Shares

  • Barclays Africa : How to buy Barclays Africa Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Barclays Africa Groupshares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Barclays Africa Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Barclays Africa Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Barclays Africa.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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