African Bank names Kennedy Bungane as its new CEO
Former Standard and Absa banker inherits a company in the midst of a strategic growth push
African Bank, once the problem child of the industry, has picked an industry veteran as CEO to steer it through a pandemic-induced economic downturn in a sector shaken up by digital newcomer banks.
Kennedy Bungane, who started his career in banking at Standard Bank in 1991 and rose through the ranks to become head of its investment banking unit, replaces Basani Maluleke, who resigned abruptly in February. ..