Banking group Absa has axed Sipho Pityana from its board. This comes weeks after Pityana took the SA Reserve Bank’s Prudential Authority to court for allegedly blocking his appointment as Absa Chair.
In a statement, the group says Pityana would cease to be the lead independent director of the Absa Group and Absa Bank, with immediate effect. This also means he will no longer be the chair of the bank’s remuneration committee.
At the time Pityana approached the court, ABSA gave no indication that his axing might be imminent.
Source: eNCA
In other news – Inside Lerato Kganyago luxury vacay in Dubai – Photos
Lerato Kganyago is currently flexing and having the heaven on earth experience in Dubai. The radio presenter is seen properly utilizing every moments spent there, as it’s obvious she’s to resume work when she returns to SA.
Taking to social media, the DJ served a series of vacation content. From rocking expensive clothes and bag to driving a luxurious ride. Learn more
