How does Absa keep getting transformation so wrong?

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True transformation involves succession planning and executive support, not parachuting in a CEO for the right 'look', says the president of the Association of Black Investment and Securities Professionals.

Twenty years ago in parliament, the world of old and the demands of the future converged in conflict as the country debated the Mineral and Petroleum Resources Bill.

The minerals sector — representing SA's primary historical economic backbone, found itself deliberating on the question of what its future needed to look like in light of the need to facilitate substantive transformation. ..A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

 

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So how many black ceos have left why can a white not try and fix the freaken mess. ABSA clients are battling with bad service believe me. Bad.

True transformation is doing what is right, not being politically correct.

Transformation or appointing one black person as the CEO of ABSA will not change the living conditions of black people who live in poverty everyday. Transformation has created a few black elites that feel entitled to top positions because of their political connections.

Did absa employ a foreigner

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PIC slams Absa CEO appointment, demands transformation action planThe Public Investment Corporation has slammed Absa over perceived boardroom instability and its “missed opportunity” to demonstrate a commitment to transformation.
Source: TimesLIVE - 🏆 28. / 59 Read more »