Daniel Mminele leaves Absa after less than a year and a half as CEO

0:00
play article
Subscribers can listen to this article
Absa CEO Daniel Mminele says 
one of the reasons he joined Absa the bank had clear ambitions of being a pan-African bank.
Photo: Supplied by Absa Group
Absa CEO Daniel Mminele says one of the reasons he joined Absa the bank had clear ambitions of being a pan-African bank. Photo: Supplied by Absa Group

After less than a year and a half as CEO at one of SA's top four banks, Daniel Mminele is leaving Absa. 

The bank said in an announcement on Tuesday morning that Mminele and its boards were "engaged in various discussions surrounding his working relationship".

"Mr Mminele and the boards are working on a suitable separation arrangement and a further announcement will be published shortly after midday," Absa said. 

Mminele's appointment was announced in January 2020. 

Last month Mminele told Fin24 that when Maria Ramos' job as head of Absa was up for grabs, he couldn't resist taking up the challenge. 

At that point, Mminele, who had been a former deputy governor of the SA Reserve Bank, and out of the commercial banking loop for two decades, thought making a comeback by leading an organisation that was busy reinventing itself was the kind of challenge he was up to.


We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
14.13
-0.0%
Rand - Pound
19.92
-0.0%
Rand - Euro
17.16
-0.0%
Rand - Aus dollar
11.00
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,843.76
0.0%
Silver
27.42
0.0%
Palladium
2,894.50
0.0%
Platinum
1,229.50
0.0%
Brent Crude
68.71
+2.5%
Top 40
60,573
+0.6%
All Share
66,598
+0.7%
Resource 10
69,386
-0.1%
Industrial 25
83,277
+0.9%
Financial 15
12,685
+1.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1453 votes
No, I did not.
52% - 3625 votes
My landlord refused
27% - 1925 votes
Vote