SARB's Mboweni criticises takeover - report

South Africa's central bank governor has criticised the 2005 takeover by Barclays Plc of South African retail bank Absa, the Financial Times reported on Thursday 29 March.

Reserve Bank governor Tito Mboweni called the British bank's stewardship of Absa "discouraging", the newspaper said.

Mboweni was quoted as telling the FT that, while Barclays was repatriating dividends from South Africa to Britain, he had yet to see the benefits of its management of Absa with the successful roll-out of new pr