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Business and finance

Not together. Barclays says it owns 100% risk but not all the equity

Barclays to sell Absa

Barclays, based in London, has decided to sell its Africa operations, which includes the Absa Group, according to the Financial Times.

“Barclays does not own all of the equity, but it owns 100% of the risk if something goes wrong,” … Read the rest

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Apple future questioned

Apple Inc shares slumped nearly 7 percent in after-hours trading as its fourth-quarter revenue forecast fell short of estimates and it missed some targets for iPhone sales.

The shares dropped to $121 after the company released its results on Tuesday, … Read the rest

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South Africans face tough times

Economic growth in the first quarter is expected to have slowed mainly due to the electricity supply constraints.

Most economists have projected that gross domestic product (GDP) will decline sharply from 4.1% to 1.4% quarter-on-quarter.

On Tuesday, Statistics South Africa … Read the rest