Commenting on the task ahead of Absa CEO-designate, Kenny Fihla, Mergence co-portfolio manager Radebe Sipamla says that the bank’s digital offering remains a weakness despite huge capex in IT and technology. Another challenge will be to make the difficult cultural and strategic changes that the bank needs – which Fihla should be well equipped to do given his experience within corporates and government structures.

Sasol share price slumps amid operational challenges and global market pressures
Commenting on the retirement of longstanding Capitec CEO Gerrie Fourie and his replacement by Graham Lee, Radebe Sipamla, co-portfolio manager