Author: The Editorial Team

LAGOS (Capital Markets in Africa) – Goldman Sachs Group Inc. and Standard Chartered Plc are among global firms postponing the transfer of several billion euros of capital outside the U.K. despite regulatory pressure to complete the move. Other lenders including Citigroup Inc. have only shifted part of the assets they were planning to relocate due to the delays in Brexit, people familiar with the plan said. During meetings with the European Central Bank and German regulators, executives at the…

JOHANNESBURG (Capital Markets in Africa) – Naspers Ltd.’s biggest shareholder is considering whether to reduce its 245 billion rand ($16.5 billion) stake in Africa’s biggest company because of concern it’s overexposed to a single stock, according to four people with knowledge of the matter. South Africa’s Government Employees Pension Fund is being encouraged by its manager, the Public Investment Corp., to reduce its Naspers shareholding of about 16%, said three of the people, who asked…

JOHANNESBURG (Capital Markets in Africa)  – Barrick Gold Corp. has bought itself three more weeks to consider making a formal offer to buy out the minority shareholders of its African unit Acacia Mining Plc. The Toronto-based miner received an extension until July 9 from the UK takeover panel, Acacia said in a statement. The previous deadline was set to expire Tuesday. Acacia also said it’s open to an offer, “subject to the price offered being fair and commanding…