Moroka steps down as Absa chair
Tuesday, October 24, 2023 | 9680 Views |
A statement from the bank says Moroka, who is also De Beers Botswana CEO, will leave on October 31. He will also be exiting as a independent non-executive director of the bank.
Moroka joined the Absa Botswana board in July 2021.
He will be replaced as chair by another independent non-executive director, Cosmas Moapare.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...