In South Africa Central bank to manage capital flows from Barclays deal

"The Reserve Bank will work with Barclays Plc and Barclays Africa to ensure that any potential risks from the transaction are mitigated," a joint statement said.

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Lesetja Kganyago, Governor of the Reserve Bank of South Africa, poses for a photo in the Manhattan borough of New York October 6, 2015. REUTERS/Carlo Allegri play Lesetja Kganyago, Governor of the Reserve Bank of South Africa, poses for a photo in the Manhattan borough of New York October 6, 2015. REUTERS/Carlo Allegri
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South Africa's central bank will work with Barclays to manage capital flows arising from the partial sale of its 62 percent stake in local lender Barclays Africa Group.

A couple walks past a Barclays logo in Johannesburg December 16, 2015. REUTERS/Siphiwe Sibeko play A couple walks past a Barclays logo in Johannesburg December 16, 2015. REUTERS/Siphiwe Sibeko

 

The Treasury and Reserve Bank said this on Wednesday in a statement made available to Reuters.

South Africa's Finance Minister Pravin Gordhan delivers his 2014 budget address in Parliament in Cape Town February 26, 2014. REUTERS/Mike Hutchings play South Africa's Finance Minister Pravin Gordhan delivers his 2014 budget address in Parliament in Cape Town February 26, 2014. REUTERS/Mike Hutchings

 

"The Reserve Bank will work with Barclays Plc and Barclays Africa to ensure that any potential risks from the transaction are mitigated," a joint statement said.

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