Absa has defended its appointment of Arrie Rautenbach as CEO after the Public Investment Corporation lambasted the bank for its lack of transformation, saying it was “downright”
disappointed in the bank. ..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.
Were the Iqbql Surve-loving PIC appointed on merit they would have no issue with ABSA's appointment.
Transformation is the new apartheid. When your skin colour is more important to some than your credentials. This needs to be fought at every level as it’s disgustingly racist.
Took a useless board 3 years to work it out, & own up they were really into paintbrush transformation....
All they do is fronting.
They must stop playing race card, I support Absa they do what is best for their shareholders we know the same Public Investment Corporation was in media for bad reasons they must stop accusing corporate who still have good track records
This is the same PIC who allowed themselves to be captured by VBS, the Guptas and Iqubal Surve and may other questionable investments.
Appoint on merit. Simple.
Eusebius So many Bitcoin traders on Twitter are trickster LindaStouffes thank you for opening my eyes to their ways now I’m pretty sure I’ll be able to help others
Eusebius Cannot understand why every CEO appointment needs to be POC. This one is based on experience and knowledge of ABSA from 25 years within. But - not transformation - so the knives come out. If PIC is that unhappy- disinvest.
Eusebius That's Africanacity innit?
Look what transformation did to the country ......
Eusebius As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Leticia_Thomas7 I made a successful withdrawal of R 200,000 with the help of Leticia_Thomas7
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
How does Absa keep getting transformation so wrong?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. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Williamchurch07 Did absa employ a foreigner 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.
Source: SundayTimesZA - 🏆 47. / 51 Read more »