Sello Moloko, one of SA’s best-known business leaders with over three decades in the financial services industry, has been urged by the Prudential Authority to step down as chair of Telkom and focus his attention on Absa, two sources with knowledge of the matter said.

Moloko, who took over from Wendy Lucas-Bull to lead a nine-person Absa board at the beginning of April, also heads the board of Telkom, a role he has occupied since 2019 to replace the late Jabu Mabuza...

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