Barclays' return to South Africa to have big impact

[dArKeR]

Barclays was forced to leave the country in 1986 under pressure from anti-apartheid activists, but re-established a small investment banking presence there 10 years ago.

The return of Britain's Barclays to South African retail banking after nearly two decades may alter its economic landscape, signalling a successful transformation since the end of apartheid, analysts said.

The third-biggest British bank this week offered 33.0 billion rand (US$5.47 billion) for up to 60 percent of Absa, South Africa's fourth-largest bank.

http://www.taipeitimes.com/News/worldbiz/archives/2005/05/16/2003254928

And Woodward's Dark Horse, the only sleaze to vote for apartheid.