Today's Labour News

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AbsaANA reports that Absa’s chief executive officer Maria Ramos will retire at the end of February when she turns 60 and becomes eligible to do so, the banking group said on Tuesday.  

Ramos has been group CEO since 2009 and has led Absa through significant milestones including acquiring Barclays’s Africa subsidiary banks; the sell-down and the start of separation from Barclays and establishing a new strategy as a standalone financial institution.  Absa said its board had appointed René van Wyk as interim chief executive with effect from 1 March.  Van Wyk was previously registrar of banks at the SA Reserve Bank until May 2016.  "Absa will announce a permanent appointment to the position of group chief executive in due course, following the finalization of the ongoing process of appointing a new CEO, and the requisite regulatory approvals," the bank indicated.  

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