Absa leadership: Is transformation in play?

Shares of Absa consolidating gains in today's session after yesterday's more than 5 per cent finish. The gains in the share priced followed the release of its interim earnings and its latest boardroom shuffle with incumbent CEO Arrie Rautenbach announcing he would be taking early retirement. The management change comes after various media reports alleging Mr Rautenbach had lost the confidence of senior leadership within the organisation who allegedly accused him of being anti-transformation. Absa has denied this. But to comment on the churn within Absa C-suite and to rate the banks transformation credentials and how it compares to the rest of its peers in the sector, CNBC Africa is joined by Khaya Sithole, Secretary General at Association of Black Securities and Investment Professionals, Gregory Mofokeng, Vice President of Organised Business at the Black Business Council and Kwanele Ngogela, Senior Inequality Analyst, Just Share.