{"id":875819,"date":"2026-09-16T14:50:00","date_gmt":"2026-09-16T12:50:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=875819"},"modified":"2026-09-16T15:28:38","modified_gmt":"2026-09-16T13:28:38","slug":"new-bosses-for-major-bank-in-south-africa-as-it-moves-to-cut-jobs-and-close-branches","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/875819\/new-bosses-for-major-bank-in-south-africa-as-it-moves-to-cut-jobs-and-close-branches\/","title":{"rendered":"New bosses for major bank in South Africa as it moves to cut jobs and close branches"},"content":{"rendered":"\n

African Bank has announced a host of changes to the executive team, following the appointment of its new CEO and the sudden exit of its Chief Financial Officer this week.<\/p>\n\n\n\n

The bank characterised the new appointments as a shift into an “operational consolidation phase” for the group.<\/p>\n\n\n\n

The group confirmed the appointment of Zweli Manyathi as its Group CEO at the end of August. <\/p>\n\n\n\n

Manyathi had served as acting CEO of the group following the sudden departure of former CEO Kennedy Bungane in March.<\/p>\n\n\n\n

Bungane’s exit was followed by a similarly sudden departure by the group’s CFO, Anbann Chetti, who resigned with immediate effect on 11 September\u2014losing its top two execs in six months.<\/p>\n\n\n\n

African Bank subsequently appointed Given Bhutana Mabena as acting group CFO. The group noted that it is currently following its governance processes for a permanent appointment.<\/p>\n\n\n\n

However, new CEO Manyathi has made other executive changes in the meantime, with four key appointments across its segments.<\/p>\n\n\n\n

These include:<\/p>\n\n\n\n