Tuesday , November 12 2019
Home / africa / A new era for Absa when Maria Ramos leaves

A new era for Absa when Maria Ramos leaves



The decision of Maria Ramos to resign as the CEO of Absa after exactly a decade of work marks the end of a turbulent era for the third-largest bank SA, which now plans to regain the positions lost during the former parent Barclays plc.

Since Ramos took over as president in March 2009, Absa has been the worst company in the JSE banking index. Although its market capitalization has tripled to 157.9 billion rubles, the industry giant FirstRand & # 39; s has grown six-fold, while Standard Bank, Nedbank, RMH and newcomer Capitec performed better than Absa.

If you are already a subscriber, click on the following link to go to the full article: Absa goes into a new era when Ramos leaves

If you want to subscribe to Businesslive to read the whole story, please click Here is,


Source link