Absa’s ‘snake pit’: who wants the job now?
Does Mminele’s exit suggest the bank has fumbled transformation? It says no, but finding a new CEO will be tough
29 April 2021 - 05:00
Absa, says a longtime analyst of the bank, "has always been a bit of a snake pit".
That much appears clear, thanks to a spectacular blow-up between its executives and CEO Daniel Mminele, who stepped down by mutual agreement with the board last week, less than 16 months into the role...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.