The Black Business Council on Wednesday congratulated Sello Moloko on his appointment as chair of Absa but also said it would seek an urgent meeting with head of the banking regulator over accusations made by Sipho Pityana, who also serves on the Absa board.
Pityana dropped a bombshell on Monday when he accused the Prudential Authority of unlawfully blocking his appointment as chair of Absa through an informal process rather than following procedures outlined in the Banks Act. The PA must approve nominations for board appointments and key executives to determine whether candidates are fit and proper...
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Black Business Council wants to meet Kuben Naidoo over Pityana allegationsProminent business leader Sipho Pityana filed papers this week asking the high court to declare that the Prudential Authority acted unlawfully in blocking his appointment as chair of Absa.
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Black Business Council wants explanation on regulator’s ‘interference’Sipho Pityana dropped a bombshell on Monday when he accused the Prudential Authority of unlawfully blocking his appointment as chair of Absa
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Black Business Council wants to meet Kuben Naidoo over Pityana allegationsProminent business leader Sipho Pityana filed papers this week asking the high court to declare that the Prudential Authority acted unlawfully in blocking his appointment as chair of Absa.
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