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Why Johnson’s Brexit Path Can’t Avoid Irish Border: QuickTake

LONDON (Capital Markets in Africa) – It was the boundary between the Republic of Ireland and Northern Ireland that sank former U.K. Prime Minister Theresa May’s efforts to engineer an orderly exit from the European Union. Now her successor, Boris Johnson, is bumping up against the same challenge — how to manage a historically fraught border when it becomes the dividing line between the U.K. and the EU. Johnson has made clear his willingness to do what May balked at: crash…

UK banks to check 70m bank accounts in search for illegal immigrants

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Banks and building societies are to carry out immigration checks on 70m current accounts from January in the biggest extension of Theresa May’s plans to create a “hostile environment” for illegal immigrants in Britain, the Guardian has learned. The Home Office expects to identify 6,000 visa overstayers, failed asylum seekers and foreign national offenders facing deportation in the first year of the checks, which are to be carried out quarterly….

Wiese’s Brait Seeks Growth in Asia as S. Africa, U.K. Wilt

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Brait SE, the investment company owned by South African billionaire Christo Wiese, plans to expand its Virgin Active gym chain in the Asia Pacific as it battles difficult operating conditions in its biggest markets, including South Africa and Britain. The stock has dropped for 18 straight days, the longest losing streak on record, and tumbled to a three-year low on Wednesday after the company slid to a full-year loss. Brait…