Pityana to take Absa to court for removing him from its boards
Pityana accuses Absa of bullying tactics and says the decision to fire him as lead independent director and remove him from its boards is unlawful
24 November 2021 - 12:02
UPDATED 24 November 2021 - 13:20
Sipho Pityana, who was sacked from Absa’s board on Wednesday, has accused the banking group of “bullying and intimidation tactics” and says he will take it to court to contest his removal, which he says is unlawful.
Absa released a statement on Wednesday saying its boards had resolved to remove Pityana as a director “with immediate effect” after a meeting on Tuesday at which Pityana was asked to address their view that he was derelict in his duties and failed to act in the interests of the bank...
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