Announcement | Standard Bank Group – A step in the right direction

A step in the right direction  This week, the Standard Bank group announced the appointment of Nonkululeko Nyembezi as the chairman-designate for the boards of Standard Bank and the Standard Bank Group, effective from June 2022. Nyembezi succeeds Thulani Gcabashe who served with some distinction as the chair of the Standard Bank boards. The bank

ABSIP Newsletter | March 2022

We compose this newsletter at the time when we are wrapping up the first quarter of the year and, as such, have started taking stock of what we have achieved as an organisation to date in comparison to our plans. This is also an opportune time for us to reflect on the societal developments in

How does Absa keep getting transformation so wrong?

ABSA’s sip of Irish coffee… Twenty years ago in Parliament, the world of old and the demands of the future converged in conflict as the country debated the Mineral and Petroleum Resources Bill. The minerals sector – representing the country’s primary historical economic backbone, found itself deliberating on the question of what its future needed

ABSIP 2022 Bursary: Call for Applications

The ABSIP Bursary Fund is calling for applications for the 2022 STANLIB Bursary. The bursary provides comprehensive funding support to historically disadvantaged students, studying towards a career in Investment Management. Click HERE for more details/to apply

ABSIP Newsletter February 2022

ABSIP Strategy 2022 The Association of Black Securities and Investment Professionals (ABSIP) National Executive Committee (NEC), led by President Polo Leteka, held the strategy session at Sanctuary Mandela on 5th - 6th February 2022 to chart the way forward for the organisation. Following an intensive review of progress made with reference to the strategy formulated

ABSIP Newsletter January 2022

As ABSIP, we are thrilled to kick off the new year by announcing exciting technological developments, strategic partnerships, and the organisation’s plans and objectives for 2022 – all to your benefit as a valued member. Digital Innovation The ABSIP NEC has been working on improving the current website after realising that it is lacking in

ABSIP Newsletter September 2021

Sometime this year, the latest chapter in the often-turbulent history of African Bank will be written when the South African Reserve Bank exits as the shareholder in the bank. The SARB’s position as a regulator and shareholder, is a unique anomaly that reflects an intersection between the challenges that have occasionally faced the bank since

ABSIP Mourns the fall of a great giant – Dr Jabu Mabuza

ABSIP MOURNS THE FALL OF A GREAT GIANT— DR JABULANE ALBERT MABUZA - 17 JUNE 2021 At the heart of the #FeesMustFall crisis in 2016, a group of senior leaders in the business, academic and civil society movements converged in Boksburg for a weekend of deliberations around the higher education funding crisis. The convenor of


Exactly one year ago this week, my team and I were entrusted with the responsibility of guiding the ABSIP ship through the uncharted waters of a worldwide pandemic like no other. As a newly-elected National Executive Committee learning to lead an advocacy and transformation organisation through the most disruptive time known to humanity, we have


The Association of Black Securities and Investment Professionals (ABSIP) wishes to extend its congratulatory wishes to Mr. Unathi Kamlana and Ms. Astrid Ludin on being appointed as the new Commissioner and Deputy Commissioner of the Financial Sector Conduct Authority (FSCA) respectively. ABSIP welcomes Minister Tito Mboweni’s decision appoint Unathi and Ludin. The Financial Sector Conduct


The Association of Black Securities and Investment Professionals (ABSIP) wishes to congratulate Kennedy Bungane – a past president of ABSIP – on his appointment as the new Chief Executive Officer of African Bank. The appointment of the new CEO is an important moment for African Bank which has been going through a leadership transition since

ABSIP WOMEN IN FOCUS sub-committee 2021

The Association of Black Securities and Investment Professionals (ABSIP) is proud to announce that applications to join the ABSIP Women in Focus sub-committee are now open. ABSIP is a professional membership organisation that seeks to promote the interests of black professionals and the transformation of the financial services sector. ABSIP plays a leading role in public engagements,

A tribute to ABSIP founder and former President – Mxolisi Mbetse

Farewell to President Mxolisi Mbetse As the political lifespan of the apartheid regime in South Africa approached its overdue end, the question of what the country would look like after the political transition of 1994 became the new national conundrum. The effects of the racialised practices in place since 1948 – exclusionary and exploitative –

ABSIP mourns the untimely passing of Peter Matlare

8 March 2021 ABSIP mourns the loss of Bambatha Peter Matlare   Exactly 115 years ago this week, the seeds of what became one of the defining battles in South African history were sown. After the introduction of the Natal Poll Tax, King Bhambatha kaMancinza took note of the general opposition to the tax by

A leadership transition and an interruption to transformation

A leadership transition and an interruption to transformation 15 FEBRUARY 2021 A little over 5 years ago, as the American election campaign pitting Hilary Clinton against Donald Trump reached fever pitch, Hilary Clinton was confronted with a simple yet instrumental question. ‘Secretary Clinton, do you believe you deserve to be President because you are a


AN AFRICAN PURGE AT A BANK? 15 FEBRUARY 2021 The Sunday afternoon of 10 August 2014 lingers on in the memory of many South Africans in the financial services sector. Following the discovery of the disastrous financial state of African Bank, the Governor of the Reserve Bank – Gil Marcus –announced that the Finance Minister

The corporate plateau of black professionals

The corporate plateau of black professionals… 15 FEBRUARY 2021 Over 14 years ago, a letter written by a young black intern at a prominent bank gained national attention. The substance of the letter, was a reflection on the practices in corporate South Africa that result in different treatment for employees based on the colour of

ABSIP Congratulates Mamedupi Matsipa on her Appointment as the new CEO of Ata Capital

ABSIP CONGRATULATES MAMEDUPI MATSIPA ON HER APPOINTMENT AS THE NEW CEO OF ATA CAPITAL 26 JANUARY 2021 The Association of Black Securities and Investment Professionals (ABSIP) wishes to congratulate Ms. Mamedupi Matsipa on her appointment as Chief Executive Officer of Ata Capital. Mamedupi takes over from the founding CEO of Ata Capital – Lelo Rantloane


If there was ever a poll on the year 2020, most of us would vote for it to be cancelled. Whilst challenging in many respects, this year has also been filled with many lessons of growth. There is no doubt that at both a personal and professional level, life will never be the same. This

ABSIP 2020 Financial Services Sector Awards Cancelled

Announcement | ABSIP 2020 Financial Services Sector Awards Cancelled 01 December 2020 Dear Stakeholders After careful consideration, ABSIP has decided to cancel the 2020 Awards, primarily due to the muted response received to the Award Nomination call. Having spent the past few months preparing for the Awards with stakeholders, we are genuinely disappointed not to