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South Africa: Even As A Tiny Minority White's Get Condemned For Good Job

Started by Ryan-NZ, Fri 01 Apr 2022

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Ryan-NZ

"PIC condemns appointment of White Male as new Absa chief executive"

https://www.iol.co.za/business-report/companies/pic-condemns-appointment-of-white-male-as-new-absa-chief-executive-91769a9d-93bb-448c-9cf7-1ea08a49b554

Excerpt: The Public Investment Corporation (PIC) has voiced its disappointment with the Absa Group board for appointing a white man, Arrie Rautenbach, as its new chief executive.

Earlier this week, Absa announced the promotion of Rautenbach. He has worked for the company for 25 years and held the position of head of retail and business in the bank.

According to the PIC, in its correspondence with the Absa Group board, it said the appointment was a missed opportunity for the board to publicly demonstrate its commitment to "purposefully transform the banking group and advance diversity, inclusivity, and racial and gender equity, at the most senior levels of organisation".



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