Absa CEO Daniel Mminele to step down – report

Just 15 months after joining Absa as CEO, Daniel Mminele could be stepping down from his job, according to a report in BusinessLIVE.

Mminele, a former South African Reserve Bank deputy governor, joined Absa after an extensive search, when then CEO Maria Ramos left at the end of February 2019.

Absa’s head of media relations, Phumza Macanda, is quoted as saying that the bank does not comment on speculation.

News of Mminele’s possible departure comes weeks after the death of former deputy CEO Peter Matlare.

This is a developing story.