African Bank has promoted Basani Maluleke from designate CEO to CEO, making her the first black woman to head a bank in SA. Maluleke was named Brian Riley’s likely successor in August 2017 when he announced his intention to retire. African Bank — the "good bank" salvaged from the collapsed JSE-listed group African Bank Investments Limited (Abil) and not part of its resurrected listing African Phoenix — also announced the launch of a transactional product branded My World on Thursday. "Due for public launch later this year, My World will offer customers a unique family product that is supported by digital convenience and near-free pricing," Maluleke said in a media release. "We know that the banking landscape is competitive and that our customers have a wide range of banks to choose from. We think My World, which we will be updating the market on in future announcements, will add the value and price point that our customers demand." African Bank chairperson Louis von Zeuner said in T...

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 exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.