The banking regulator has firmly countered suggestions by business person Sipho Pityana that its actions improperly caused his candidacy for the Absa chairmanship to be rejected, making it clear that Absa’s board never nominated Pityana nor ever formally asked the regulator to consider his name.

The regulator, and Absa itself, on Tuesday provided a very different version of the facts from that of Pityana, who last month took the Prudential Authority and Absa to court because he did not get the Absa chairmanship...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now