We've got news for you.

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

Absa has defended its appointment of Arrie Rautenbach as CEO after the Public Investment Corporation (PIC) lambasted the bank for its lack of transformation, saying it was “downright” disappointed in the bank. 

The PIC, the biggest fund manager in Africa, which owns about 5% of Absa, pulled no punches in taking Absa’s board to task on Friday, saying the bank’s decision was a missed opportunity to commit to transformation...

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