Barclays Works With South Africa Central Bank to Manage Risk

Updated on
  • U.K. lender committed to minimizing impact on South Africa
  • Central bank and Treasury will manage money flows from sale

The South African Reserve Bank said it will collaborate with Barclays Plc to manage the flow of money and minimize risk of causing fluctuations in the rand as the British bank prepares to reduce its stake in Barclays Africa Group Ltd. 

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