CLEAN : Barclays Africa chief denies slowdown reason for Africa exit

The video discusses the economic slowdown in South Africa and other African economies, highlighting Barclays' long-standing presence in Africa and the factors influencing its decisions. It addresses the impact of global regulatory changes on large banks and Barclays' ongoing approval process. Despite challenges, South Africa remains a significant economy on the continent.

What is one reason mentioned for the economic slowdown in South Africa?

• Global economic slowdown

• Political instability

• Natural disasters

• Technological advancements

How long has Barclays been present on the African continent?

• 150 years

• 100 years

• 75 years

• 50 years

What has made it more challenging for large banks to maintain subsidiaries?

• Rising operational costs

• Increased competition

• Global regulatory changes

• Technological advancements

What approvals does Barclays need for its strategic decisions?

• Shareholder and regulatory approval

• Government approval

• Board approval

• Customer approval

Despite short-term challenges, what is emphasized about South Africa's economy?

• It is declining rapidly

• It is heavily reliant on tourism

• It is insignificant on the continent

• It remains a significant economy