Kenny Fihla's appointment as Absa's new CEO aims to fill a leadership void and enhance market sentiment, following his sudden ...

1 Day ABSA 0.80% DJIA -0.18% S&P 500 -0.02% Financial Services 1.88% ...

The manufacturing sector has seemingly not picked up following its poor performance towards the end of last year," Absa said in a statement. Respondents flagged a fall in business activity as a ...

South Africa's Absa Group on Monday named former Standard Bank South Africa chief Kenny Fihla as its new CEO, effective June 17. Fihla joined Standard Bank Group in 2006 and has held numerous senior ...

1 Day ABSP -0.12% DJIA -0.24% S&P 500 -0.10% Financial Services -0.92% ...

Both banks issue statements about the development, with Fihle expected to fill Absa’s group CEO position in June 2025.

Absa Interim CEO Charles Russon had embarked on plan to win back confidence and unlock growth. He will remain in the position until June 16, partnering with Fihla after that to ensure a smooth ...

He joined Standard Bank group in 2006 and had held numerous senior roles including CEO of CIB, Deputy CEO of Standard Bank Group and CEO of Standard Bank South Africa,” Absa said in a statement.

Impairments dropped 8% to 14.3 billion rand, which helped the lender’s credit-loss ratio — a measure of bad loans as a percentage of the total book — improve to 1.03% for the period. That’s still ...