Bank 'quietly' places bosses accused of leaks 'on leave'

Absa, one of South Africa's banking giants, has quietly placed senior managers accused of leaking company information on leave of absence.

- Tshehla Cornelius Koteli

The bank initiated disciplinary action against the managers in May, following a report that confirmed the leak.

What information was leaked is not known. The bank has dismissed reports that the information relates to the reason why former CEO Arrie Rautenbach went into early retirement.

The managers were allegedly denied access to the report.

Daniel Munslow, managing executive of group communications at Absa, has denied allegations that the managers have been fired.

"It is not true that any employees have been fired with regards to the investigation," he said.