Absa’s Arrie Rautenbach long game can’t save bank from transformation critics - Rautenbach’s retail track record put him in good stead — and inadequate succession planning helped too
By the time Mminele joined Absa in 2020, the bank had already faced scrutiny over its reported transformation blunders, including when
was allegedly overlooked to head the group’s corporate and investment banking unit. The incident sparked a walkout by black professionals at Absa and Hadebe resigned from the bank.Subscribe to the M&G today for just R30 for the first three months* to gain access to this story and all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”
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