Saviour Chibiya, head of Absa’s regional operations, is going nowhere after the bank’s board foiled group CEO Arrie Rautenbach’s plan to replace him with an executive from Mauritius.

Business Times reported in May how Absa was caught up in another transformation storm after a board shake up that overlooked black executives and Rautenbach’s move to announce a plan to replace Chibiya with Ravin Dajee, head of Absa operations in Mauritius. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.