Phumza Macanda News Today

Sipho Pityana, former lead independent director of Absa, has initiated legal action against Absa, saying that his removal from the board of directors last month was punishment for challenging the Prudential Authority.

Banking group Absa has fired Sipho Pityana from its board with immediate effect.

Absa CEO’s resignation lamented By Ntombi Nkosi Share Johannesburg - Absa confirmed on Tuesday that it had differences of opinion with departing group chief executive Daniel Mminele in their working relationship. Mminele’s departure has raised questions around the stability of the bank going forward. Speaking to Independent Media on Tuesday, the Black Management Forum (BMF) said it would engage with the board of Absa to obtain further information and to get a more complete idea of wha...

Absa Group deputy CEO Peter Matlare dies of Covid — report Image: absa.co.za / screenshot His family told the broadcaster he died of Covid-19. Asked to confirm his death, Absa spokesperson Phumza Macanda told TimesLIVE: “We are not in a position to comment on it at this stage”. Matlare, who was also the CEO of Absas regional operations, was appointed in that position in August 2016 and was an executive director on the board. He was also CEO of the SABC, chief strategy and bu...