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.
Absa Life predicts less deadly fifth wave of Covid-19 | Fin24Absa Life, the first bank insurer to predict that the fifth wave of Covid-19 infections might come sooner than people would like to hear, says it expects things to get milder from here. | Fin24
Read more »
Absa paid Daniel Mminele R30.47m in hasty ‘no fault’ exit settlementThe details of Mminele's exit payment were revealed in Absa's 2021 integrated report
Read more »
Absa paid Daniel Mminele more than R30m as a termination package | Fin24A year ago, Daniel Mminele quit as Absa CEO following clashes with the board. His termination package includes incentives, leave pay, a notice period payment as well as damages.
Read more »
Absa paid Daniel Mminele R30.47m in hasty ‘no fault’ exit settlementThe details of Mminele's exit payment were revealed in Absa's 2021 integrated report
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 »
Absa paid former CEO Daniel Mminele R30.5m to leaveAbsa Group CEO Daniel Mminele held the position for only 15 months.
Read more »