Africa’s most valuable banking group, FirstRand, has announced sweeping leadership changes that will take place over the next six months. These will see a new board chair, CEO and boss of its retail banking division all starting their new roles within a short space of time.

CEO Alan Pullinger is stepping down next year after six years as group CEO. COO Mary Vilakazi, who has been preparing for the role since her appointment to that position in 2018, will take over at that point...

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