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South Africa's central bank to manage capital flows from Barclays deal

Wed, 02nd Mar 2016 11:24

JOHANNESBURG, March 2 (Reuters) - South Africa's centralbank will work with Barclays to manage capital flowsarising from the partial sale of its 62 percent stake in locallender Barclays Africa Group, the Treasury and ReserveBank said on Wednesday.

"The Reserve Bank will work with Barclays Plc and BarclaysAfrica to ensure that any potential risks from the transactionare mitigated," a joint statement said. (Reporting by Stella Mapenzauswa; Editing by James Macharia)

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