Mminele's early exit from Absa over 'non-alignment' with strategy shocks sector

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Analysts have reacted with shock and disappointment at the news that Absa Group CEO Daniel Mminele is leaving the bank just 15 months into his role.
Photo: Supplied
Analysts have reacted with shock and disappointment at the news that Absa Group CEO Daniel Mminele is leaving the bank just 15 months into his role. Photo: Supplied

Analysts have reacted with shock and disappointment at the news that Absa CEO Daniel Mminele is leaving the bank just 15 months in that role. The banking group's share price swung constantly since the news broke and was down by just over 5% by Tuesday midday.

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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%
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