Polo Radebe News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Race not an issue in CEO’s departure, Absa insists Board chair Wendy Lucas-Bull says first black CEO Daniel Mminele left over strategy issues 25 April 2021 - 19:21 Supporters of Daniel Mminele express their feelings over his surprise departure from Absa. The bank has rejected suggestions that race was a factor. Picture: ALON SKUY Absa chair Wendy Lucas-Bull has defended the banking group against perceptions that its first black CEO, Daniel Mminele, was forced out as a result of clashes with white executives. She reiterated on Sunday that his departure was a result of di...

Was Absa’s Daniel Mminele the victim of a ‘corporate cliff’ for black executives? By Edward West Share FINANCIAL institutions with a culture so unique that senior black professions are unable to transition into it suffer from a lack of commitment to change, rather than being “stuck” with a culture that cannot adapt, Association of Black Securities and Investment Professionals (Absip) president Polo Radebe said yesterday. “When institutions fail to adapt, it creates a corporate cliff for black executives that, sadly, accelerates their exits,” she said. Radebe...