The Abraaj Group is interested in buying a stake in Barclays PLC's (LSE:BARC) South African business, Barclays Africa Group Limited, Chief Executive Officer Arif Naqvi said. The two companies aren't currently in talks, he said. Other investor groups have also expressed interest in building a stake in the business.

Public Investment Corporation was looking to form a group made up of black shareholders to buy a stake, while ex-Barclays Chief Executive Officer, Bob Diamond had also publicly expressed interest.