Banking group Absa narrowly avoided a bruising legal battle when it reached a settlement agreement to part ways with its CEO, Daniel Mminele, on Tuesday.

Tough separation talks raised fears of a legal skirmish that could have seen Mminele dragging the bank to court. Insiders tell the FM this sparked concerns of a repeat of the Old Mutual situation, where the group sought to part ways with CEO Peter Moyo two years ago...

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