Absa has a new boss – we just won’t know who until Jan 1

Business

Absa has a new boss – we just won’t know who until Jan 1

Reserve Bank tells group to delay the announcement of Maria Ramos’s successor – who will be a South African

Lukanyo Mnyanda and Warren Thompson

Absa chairperson Wendy Lucas-Bull says the group had to do an about turn on naming its permanent successor to Maria Ramos at the request of its regulator – the SA Reserve Bank.

Absa had previously stated it would name the person before the presentation of its interim results on August 13.

“The individual is fully contracted and their start date is 15th of January. We’ve been through the regulatory process and one of the conditions from the regulator is that I can’t announce it until January,” said Lucas-Bull...

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