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Hundreds Protest Barclays' Planned Return to South Africa


Several hundred people have demonstrated in the South African city of Johannesburg to protest the planned return of Britain's Barclays Bank.

The protesters Saturday called on the bank, a major investor in South Africa during the apartheid era, to pay reparations to the victims of apartheid. They also want the bank to resolve a lawsuit in the United States, where it is accused of aiding the white minority regime.

ABSA bank headquarters in Johannesburg
Barclays withdrew from the country in 1986 under pressure from anti-apartheid activists.

Earlier this month, the South African government approved Barclays' bid to buy a majority stake in South Africa's largest retail bank, Absa.

Once complete, the deal will make Barclays the largest post-apartheid foreign investor in South Africa and the biggest bank on the African continent.

Some information for this report provided by AFP.

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