Absa
[TRAFFIC] 31 Cape Town roads closed this weekend for the Absa Run Your City 10K
We have a list of 31 roads to avoid on Saturday and Sunday.
Rautenbach has been with the bank since 1997 and was its head of retail and business banking before he took over as group CEO.
In a statement, the bank said the appointment followed a thorough recruitment and selection process completed by the board.
Given that Sipho Pityana has been chairperson of many boards, the timing of allegations against him seem dubious, writes Yonela Diko.
Absa fired Sipho Pityana as director after the relationship between the parties broke down.
Sipho Pityana failed to convince the board that suing the Reserve Bank’s Prudential Authority did not harm the banking group.
Absa said that the decision to sack Pityana was made during a meeting on Tuesday where he was given an opportunity to address allegations that he had neglected or been derelict in his perfomance as a director of boards and failed to conduct himself in the interests of the bank.
Andile Nomlala, the president of the Black Management Forum, said that there were serious questions to be asked.
He died on Sunday at the age of 61 from COVID-19-related complications.
Eyewitness News understands that he passed away earlier on Sunday due to COVID-19 complications.
Fixing “the Eskom problem” is going to take much more than just throwing good money at it – Eskom needs to be restructured.
Public Protector Busisiwe Mkhwebane has had numerous bruising court defeats that overturned several of her reports and recommendations, which has led to Parliament starting a process to investigate whether she is fit to hold office.
Like all good stories, this one starts in a [mythical because we’re South African] pub … but not for the reasons you imagine.
The bank, previously owned by Barclays, said first-half headline earnings per share were expected to decline by between 92% and 97% from the comparative period’s 920 cents.
Fhatuwani Mudzanani appeared in court on Monday. The clerk was arrested on Friday.
Absa and the PSL made the announcement on Thursday that the bank would not be renewing its sponsorship agreement at the end of the current season.
The bank said over 370,000 account holders had taken advantage of its payment relief program.
The Banking Association of South Africa said 852,000 of more than 1.2 million people who had applied for banking help had been successful, while others were still being assessed.
The bank is the latest to announce measures for eligible customers who've been adversely impacted by the 21-day lockdown.