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.

Canal+ unveils big plans for Multichoice
Canal+, the new owner of MultiChoice Group, has ambitious plans for pay-TV and wants to be in half the households