Sipho Pityana has been removed from the Absa board with immediate effect, the banking group said on Wednesday, due to 'dereliction' of his board responsibilities.
Leon Sadiki
In a statement on the JSE news services SENS, Absa said: “Shareholders are informed the Absa Group and Absa Bank boards have resolved that Sipho M Pityana will cease to be a director of the boards with immediate effect. This followed a meeting with Pityana where he was provided with an opportunity to address the boards on this issue. Absa said the boards considered Pityana’s responses and came to their decision after extensive deliberation.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING NEWS: Absa kicks Sipho Pityana off its boardThe banking group says it has determined Pityana’s recent conduct meant he had been derelict in his board duties
Read more »
BREAKING NEWS: Absa kicks Sipho Pityana off its boardThe banking group says it has determined Pityana’s recent conduct meant he had been derelict in his board duties
Read more »
Sipho Pityana removed from Absa boardSipho Pityana has been removed from the Absa board with immediate effect, the banking group said on Wednesday, due to 'dereliction' of his board responsibilities.
Read more »
Reserve Bank hits back at Sipho PityanaThe Reserve Bank's Prudential Authority has hit back at Sipho Pityana, saying in court papers filed on Tuesday that it did not thwart his chance of being Absa chairperson as he was not nominated for the position and he 'simply failed to convince' the Absa board to nominate him.
Read more »
Banking regulator delivers firm rebuttal to Sipho Pityana’s Absa claimsAbsa board did not nominate the business person as chair, Prudential Authority says
Read more »
'We faced an existential crisis and customers hated us': CEO Sipho Maseko on Telkom's evolution | Fin24Outgoing Telkom Chief Executive Sipho Maseko recalled that as the company endured poor performance, its relationship with the government and industry regulators was broken and it faced hefty fines from the Competition Commission. | Fin24
Read more »