In a milestone for Absa, new CEO Daniel Mminele assumes his job on Wednesday as SA’s big-four banks face increasingly fierce competition from digital newcomers vying for a slice of the R5.14-trillion market.    

Mminele, 54, who spent a decade as a deputy governor of the Reserve Bank, which he joined in 1999, was finally confirmed last week as the new head of Absa, taking over from René van Wyk, who has been running it temporarily after Maria Ramos retired about a year ago...

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