Absa CEO's departure a 'big step backwards for transformation agenda'

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'There is going to be another black CEO, we will insist on that. If that does not happen, then we will be forced to shake the ground and call the Absa employees to stand out in protest,' said BBCBE CEO Gregory Mofokeng.

Andile Nomlala, president of the Black Management Forum expressed similar sentiments, hitting out at the culture of the organisation.

“The executive team that is left behind now is the driver of the wedge of people that are coming in here and not succeeding. They are the invisible hand. Everybody is at loggerheads with the board and are worried about the CEO but they are the rotten ones, driving this toxicity and they are not outed. They are the ones that are presiding over a toxic culture.”

“We recognise that we have further to go in this regard. We are determined to ensure that Absa continues to be a place where people want to work and build successful careers,” she said. Khaya Sithole of the Association of Black Securities and Investment Professionals said the demonstration was a reminder of a walkout staged by employees of Absa Capital in 2017. This was after a black manager, Phakamani Hadebe, was overlooked and employees raised concerns about transformation in the company.

 

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No need for black CEO

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