We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Wendy Lucas-Bull, who steps down as Absa chair at end-March, says the biggest challenge of her nine years at the helm was overseeing the bank’s divorce from Barclays, its former UK parent that once owned as much as 62.3% of the lender.

She also cites the separation as the biggest achievement of her term, which in the past two years alone saw her grapple with a global pandemic; the sudden exit of Absa’s first black CEO; a series of significant data leaks; and the economic fallout of the July 2021 riots that rocked parts of KwaZulu-Natal and Gauteng. More recently Absa found itself embroiled in a nasty legal battle with former board member Sipho Pityana, who is now suing the bank and the Prudential Authority (PA) after losing out to Sello Moloko as Lucas-Bull’s replacement...

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 helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now