The PIC, for one, has trashed the Absa insider's appointment to the top job. But the market is decidedly more bullish, indicating that he has what it takes.
Arrie Rautenbach’s appointment as Absa’s new CEO has ignited a storm of comment — from concerns about racial transformation at the bank to applause for the lender for choosing one from among its own. But the important question is whether the newly appointed boss will execute on the bank’s strategy to increase market share in its retail and business banking unit and drive its growth in the rest of Africa.
Rautenbach has been working for Absa since 1997. His eventual rise to the top job was lauded by the investment community — it’s no secret he was passed over in favour of Absa’s first black boss in 2020, when former Reserve Bank deputy governor Daniel Mminele was appointed. ..
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Karoofees puts Absa in the vanguard of transformationItems plugged into public discourse on topics from land and restitution to gender violence and toxic masculinity
Read more »
Absa is focusing on the ME in SMEWhile the small and medium enterprises (SME) sector has been pegged as a key driver in the recovery of the COVID-19-ravaged South African economy, the landscape for business owners can still be difficult to navigate – especially when it comes to access to funding and support.
Read more »
Absa is focusing on the ME in SMEWhile the small and medium enterprises (SME) sector has been pegged as a key driver in the recovery of the COVID-19-ravaged South African economy, the landscape for business owners can still be difficult to navigate – especially when it comes to access to funding and support.
Read more »
Karoofees puts Absa in the vanguard of transformationItems plugged into public discourse on topics from land and restitution to gender violence and toxic masculinity
Read more »
ANN CROTTY: New Absa skipper knows the ropes in choppy watersThe pay may be good, but the choice for the top slot is controversial and the chalice could be poisoned.
Read more »
Can Arrie Rautenbach make Absa great again?The PIC, for one, has trashed the Absa insider's appointment to the top job. But the market is decidedly more bullish, indicating that he has what it takes.
Read more »