Q1

May 2023

ABSA

Nomtha Ngumbela

n March 2021, Absa CEO Daniel Minelli resigned from his position after just 15 months in the role. The resignation came as a surprise to many, as Mminele had only taken up the position in January 2020. While it is difficult to speculate on the reasons for his short tenure it would be reasonable to assume it was symptomatic of what was then “the trouble years” for ABSA.

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