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Peter Matlare is new deputy CEO at Barclays Africa

Will be responsible for rest of Africa banking operations.
Peter Matlare

JOHANNESBURG – Peter Matlare has been appointed deputy chief executive officer of Barclays Africa, the banking group announced on Friday.

Matlare, who has been an independent non-executive director of Barclays Africa Group since December 2011, will be responsible for the bank’s rest of Africa banking operations. He becomes an executive director of the group with effect from August 1.

Matlare was CEO of Tiger Brands Limited from 2008 to 2015 and led its failed venture into Nigeria, which cost the group billions of rands.

He has held senior roles with Vodacom Group Limited, Vodacom South Africa, the South African Broadcasting Corporation, and Primedia Broadcasting & Entertainment. Matlare holds a BSc (Hons) and MA from the Universities of Plymouth and York respectively.

“David Hodnett continues in his role as deputy chief executive officer, focusing on our South African banking operations, and financial director,” Barclays Africa said. 

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Sell.

I knew it!!! Oh dear 😉

BGA shares off 4% this morning. Have recovered a bit now.

Problem. Run like hell, sell sell sell. Another few billion into Africa.

Peter , how do you make a ”small fortune” in Africa ?

Answer: You start with ”a big one” !

More affirmative action lunacy.

Yikes, head for the hills. The Value -destroyer in chief has climbed the ABSA train !!

How do you lose billions with Tiger Brands.By being habitually absent from your postion,like he has been as a non exec director of Barclays,where he was taken to task.His reward-promoted to deputy CEO.The ABSA group continues to flounder and expect further erosion in value provided by the Group to its client base.His pic tells it all-smooth and money hungry

End of comments.

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