Absa group
Arrie Rautenbach named new ABSA CEO in its first internal appointment since 2006
In a statement, the bank said the appointment followed a thorough recruitment and selection process completed by the board.
KPMG released a statement saying it has made dramatic changes to governance, quality and risk management and it remains resolute to regain trust.
Absa recently revealed in court papers why it cut ties with the Gupta family.
The now pan-African group has concluded the largest acquisition by a bank in Africa.
Absa received the regulatory approval to acquire Barclays Plc's African operations.
Absa plans to return some of its excess capital to shareholders by paying a special dividend.
Absa Group CEO Maria Ramos said the deal will cost just over R18 billion.