It is hard to know why Sipho Pityana so desperately wanted to be chair of Absa, or what he aims to achieve by taking the banking regulator, and the bank itself, to court because someone else got the job. But when the lead independent director of SA’s third-largest bank takes the banking regulator to court, it can’t be good for the bank, or the sector, or indeed for SA.
Banks are different. That is why the process by which their directors and key executives are appointed is different from that of most companies, requiring the approval of the banking regulator. They are the custodians of other people’s money — our money. And the regulator is the custodian of the banking system itself, whose stability and soundness is crucial to the economy’s ability to function...
Apartheid agents backstabbing each other...okay! Lesson to all negropeans, stop betraying your people to impress colonizers. When white monopoly capital is done with you, they will discard you like a used condom. They uses the same Modus Operandi, always.
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.
AngloGold strikes back to defend Maria RamosThe miner has defended its chair, who has been accused by Sipho Pityana of influencing the banking regulator to block his appointment as chair of the Absa board 🔒 There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about lisamiaBTC it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done
Source: BDliveSA - 🏆 12. / 63 Read more »
More ructions at Absa as Sipho Pityana takes on banking regulatorAbsa’s lead independent director alleges Maria Ramos lobbied against his nomination as chair There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about lisamiaBTC it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done
Source: BDliveSA - 🏆 12. / 63 Read more »
Court grants Oscar Mabuyane and MEC Babalo Madikizela interdict against Public Protector's remedial actionMabuyane and Madikizela launched the urgent application to interdict the remedial action pending another where they want to set aside and review Busisiwe Mkhwebane’s report. ANC kleptomaniacs running amok Why didn’t the PP oppose? Ai naye marn Our courts have become a circus ever since that one with a big nose became president.
Source: IOL - 🏆 46. / 51 Read more »
Absa Africa Financial Markets Index offers a glimpse into Africa’s investment futureSPONSORED | Download your copy of Absa Corporate and Investment Banking’s latest report on African financial markets There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about lisamiaBTC it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done
Source: BDliveSA - 🏆 12. / 63 Read more »
Cricket South Africa to consider action against Quinton de Kock after receiving management reportCSA said it is awaiting a report from the Proteas management following Quinton de Kock's decision to withdraw from the side that faced the West Indies, in light of the Board's directive that the players must 'take a knee'. CricketSouthAfrica QuintonDe... Fkn sickening. Well done Quinton . This taking the knee is stupid , ridiculous and bringing bad politics into sport CSA is badly run and this is proof that it is politics above cricket 🏏
Source: IOL - 🏆 46. / 51 Read more »
Source: ewnupdates - 🏆 30. / 53 Read more »