EDITORIAL: Something amiss in Maluleke’s exit from African Bank
27 January 2021 - 05:00
Talk about bad timing. Basani Maluleke’s decision to resign as CEO of African Bank, the lender that emerged from one of the worst banking collapses in the country, could not have come at a worse time.
The departure of a respected CEO, especially when it is sudden and comes with no succession plan, always raises eyebrows, and this one has been no different. Maluleke’s impending departure leaves a void in the upper echelon of the lender at a time when the industry is facing one of its biggest challenges...
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