Barclays bank is returning to South Africa, 19 years after it was forced to leave the country following a well-orchestrated campaign by anti-apartheid activists.
Britain's third biggest bank today announced that it is buying a majority stake in Absa, South Africa's leading retail bank, for £2.9bn. The move not only represents a renewal of historic links between Barclays and South Africa, but a vote of confidence by a major international company in a country all too often afflicted by adverse publicity.
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