Appeals in Pityana case

ABSA DIRECTOR: CALLS ON PARLY TO INVESTIGATE SARB'S INDEPENDENCE

- Ciaran Ryan

Absa and the South African Reserve Bank's (Sarb) Prudential Authority (PA) have given notice that they intend to appeal the Pretoria High Court ruling in June that the PA exceeded its powers in raising objections to the appointment of Sipho Pityana as chair of Absa in 2021.

PA intends to appeal the ruling. Pityana was tipped as the preferred candidate to take over as chair of Absa from outgoing chair Wendy Lucas-Bull, but was withdrawn from the list after the PA's deputy governor Kuben Naidoo approached former Absa chair Maria Ramos to inquire into the circumstances of Pityana's resignation from AngloGold Ashanti.

Pityana was formerly chair at AngloGold Ashanti, where he faced accusations of sexual harassment - claims he has denied.