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daniel mminelelatest news & developments
Jason Quinn. Photo supplied

Jason Quinn to take the reins from Mike Brown at Nedbank

Quinn served as Absa’s interim chief executive after Daniel Mminele’s sudden departure

South African President Cyril Ramaphosa. (Photo by MARCO LONGARI / AFP) (Photo by MARCO LONGARI/AFP via Getty Images)

Top technocrats are dumping Ramaphosa

Another key policy adviser is said to be leaving as President Cyril Ramaphosa’s circle shrinks further

Former deputy Reserve Bank governor Daniel Mminele. (Photo courtesy SA government)

Daniel Mminele appointed Nedbank’s chairperson designate

The former Absa chief executive recently quit as head of the Presidential Climate Finance Task Team

Former deputy Reserve Bank governor Daniel Mminele.
(Photo courtesy SA government)

Daniel Mminele, the leader of the presidential climate finance task team bows out

Daniel Mminele headed negotiations to finalise the terms of the $8.5 billion from other countries for SA’s energy transition

Rautenbach’s retail track record put him in good stead — and inadequate succession planning helped too. But critics have questioned the appointment of a white man.

Absa’s Arrie Rautenbach long game can’t save bank from transformation critics

Rautenbach’s retail track record put him in good stead — and inadequate succession planning helped too

Arrie Rautenbach.

Absa announces first internal chief executive appointment since 2006

Arrie Rautenbach has been appointed to head up the banking group more than a year after his predecessor’s sudden departure

President Cyril Ramaphosa. (Rajesh Jantilal/AFP)

Skills crunch in the state? Use outside experts

Advisers – not consultants – can help close critical gaps in government where the loss of key skills leaves the president desperately needing to enhance the state’s capacity to…

Former Absa boss Daniel Mminele has been appointed to lead the team tasked with mobilising finance for South Africa’s just energy transition, the presidency announced on Tuesday.
 (Erica Canepa/Bloomberg via Getty Images)

Daniel Mminele to oversee R132-billion COP26 climate deal

Mminele, who last year stepped down as Absa chief executive, will head the newly established Presidential Climate Finance Task Team

Towering dispute: Earlier this month Absa announced Daniel Mminele’s departure, citing differences over strategy between him and the board.

Absa fills chairs after chief executive’s exit

Deon Raju has been appointed as the bank’s chief risk officer and Parin Gokaldas take over as Absa’s treasurer

Banks are under pressure from governments and entrepreneurs to play a more active role in supporting investment and industrialisation by directly lending to sectors driving growth and jobs.

SA’s biggest banks remain resilient amid Covid-19 shocks

The sector was badly hit by credit losses, but strong capital buffers have kept it from spiralling

The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.

SA to diversify reserves by buying won, Aussie and Kiwi dollars

The Reserve Bank seeks to diversify its currency exposure to help protect reserves from a potential rise in US Treasury yields.

The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.

Reserve bank ready to act if inflation increases

The SA Reserve Bank deputy governor has assured the public that the bank will react should inflation breach the 6% mark for a prolonged period.

Reserve Bank has tough call on high CPI

The Reserve Bank will have to time interest rate tightening carefully as inflation was high in March and retail sales growth slowed in February.

Reserve Bank is watching inflation, says Mminele

South Africa will monitor the effects of higher oil and food prices on inflation to determine when policy adjustments need to be made.

Reserve Bank ‘won’t intervene to manage rand’

The South African Reserve Bank’s policy remains that of no intervention in the foreign exchange market, Deputy Governor Daniel Mminele said.

SA recovery seen this year, says Reserve Bank

South Africa’s economy may come out of recession later this year, the South African Reserve Bank’s deputy governor says.