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