African Bank Appoints Basani Maluleke as New CEO

Updated on March 29, 2018

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African Bank has on Thursday announced the appointment of Basani Maluleke as a new chief executive officer of African Bank holdings limited, effective from April 1, following the retirement of Brian Riley.

The chairman of the board, Louis von Zeuner said: “The board welcomes the formal appointment of Basani as CEO, following a successful induction process since July 2017.

“Basani has been an integral part of executing African Bank’s turnaround strategy since her appointment as a non-executive in July 2015 and subsequent transition to group executive for operations on July 3, 2017. We look forward to working with her in her capacity as CEO”.

Maluleke said: “I am encouraged with the progress we have made over the past several months, to reposition African Bank into a competitive retail bank. Our executive team is supported and challenged by an independent and diversely skilled board, a culture which bodes well for building solid checks and balances across the business”. (via African News Agency)

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Maryna Steyn

Maryna Steyn is a vibrant writer and editor with a passion for language. She is a published author, writer and poet who has honed her skills in journalism and editing across various industries such as learning design, lifestyle, agriculture, media, and now, business. She believes in life long learning and has obtained multiple certifications in learning design, design and writing since completing her BA degree in Communication Science from UNISA. Today, she steers the editorial ship at SME South Africa, proudly bringing insight and knowledge to the South African small business space.