Absa admits 'missteps', pledges improvement

Damning HSBC report says negative publicity and departure of group CEO Arrie Rautenbach showed Absa had a ‘culture and ethos problem’

08 September 2024 - 00:00

Banking group Absa has admitted that strategic “missteps” over the past 18 months resulted in a loss of market share relative to its peers, hurting the share price and its market capitalisation.  ..

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