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.

MTN cuts capex in SA to R6billion
Reporting on its financial results, MTN said that the post-paid, enterprise, wholesale, digital and fintech segments all recorded good growth