FNB appoints Ghana Msibi as CEO of Business division
Image: Supplied
FNB has announced the appointment of Ghana Msibi as the new CEO of FNB Business, the bank's division focused on serving small and medium enterprises (SMEs).
Msibi, who has over 22 years of experience in financial services, previously led WesBank as CEO and will now drive FNB's strategy to grow its business banking market share.
"Msibi will be driving the FNB Business strategy that is focused on growth, as we accelerate our leadership position in this segment and increase market share in business banking, with customer-focused products that keep South African businesses growing," FNB said.
Msibi joined WesBank in 2015 and held several key positions before being appointed CEO in 2022. He will continue to oversee the WesBank portfolio until a successor is appointed, ensuring a smooth transition and continuity on key strategic projects.
In a statement released to the media on Wednesday, FNB said, "Msibi possesses a strong background in banking, channel management, insurance, risk and compliance, honed through various executive roles, as well as senior management roles across multiple organisations in his career.
'At FNB we place a premium on identifying and nurturing great leaders and the appointment of Ghana as the new CEO for FNB Business is evidence of the importance of, and value gained, from our strong talent management and robust succession management" Chief Executive Officer of FNB, Harry Kellan said.
Video Player is loading.
Play Video
Play
Unmute
Current Time
0:00
/
Duration
-:-
Loaded :
0%
Stream Type LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text Color White Black Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Transparent Semi-Transparent Opaque
Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps
Reset
restore all settings to the default values Done
Close Modal Dialog
End of dialog window.
Advertisement
Video Player is loading.
Play Video
Play
Unmute
Current Time
0:00
/
Duration
-:-
Loaded :
0%
Stream Type LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text Color White Black Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Transparent Semi-Transparent Opaque
Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps
Reset
restore all settings to the default values Done
Close Modal Dialog
End of dialog window.
Next
Stay
Close ✕
"Our business segment plays a vital role in contributing to economic growth and job creation, particularly in developing the opportunities that exist in the township economy, and we're excited to have someone with Msibi's depth and breadth of knowledge and expertise, to lead us forward as a bank of choice in this very important category".
According to the FNB Msibi will report directly to FNB CEO Harry Kellan and will form part of the bank's Executive Committee.
IOL News
mthobisi.nozulela@iol.co.za Get your news on the go, click here to join the IOL News WhatsApp channel
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
IOL News
4 hours ago
- IOL News
South African banks face scrutiny over political account closures
SA's big banks' trade policies in the spotlight Image: IOL Regulators have been warned against approaching complaints about South African banks in the same way as US president Donald Trump, who this week issued an executive order after accusing financial institutions of unacceptably restricting law-abiding individuals and businesses' access to banking services based on political or religious beliefs. Mametlwe Sebei, president of the General Industries Workers Union of SA (Giwusa), an affiliate of the SA Federation of Trade Unions (Saftu), said Giwusa would not support merely implementing moves similar to Trump's as the situation required the same interventions but for different reasons. Sebei said moves against the banks for being reactionary and assaulting human rights must be supported. "We also know that banks are not accountable in this country, there are political parties, trade unions, community organisations whose bank accounts were closed without an adequate explanation," he said. Sebei described banks as untransformed and that there is not much to look into as far as the banking industry and its conduct are concerned as many South Africans have suffered a lot. He said even Giwusa recently had a dispute with one of the country's major banks, which gave some members access to the union's accounts without authorisation and there were no adequate explanations. According to Sebei, companies perceived to be close to certain public figures have had their bank accounts closed without explanation. "When they close bank accounts, they are effectively condemning workers in those companies to unemployment, retrenchments and job losses. You cannot destroy a company to punish the owners," he said. Sebei said the idea that private banking institutions can take political decisions is extremely dangerous and that is why this should be strongly regulated. In addition, he said the law already provides for instances where there is suspicion of misuse of banking facilities by a client that is able to be reported to the authorities as provided for in the Financial Intelligence Commission Act. Sebei added that the current laws can be implemented without jeopardising jobs and the livelihoods of workers. "Financial services are a lubricant by which the economy is working, it has enormous power in society and in the economy that can destroy not only individuals but also companies and whole industries. These people are wielding enormous public power that has been privatised into institutions that are guided by profiteering and nothing else and want to exercise this power without transparency, accountability and even pass political judgment and that for me is deeply troubling," he said.
The South African
4 hours ago
- The South African
Shauwn Mkhize's Royal AM ordered to repay R27 million sponsorship
Royal AM Football Club will be required to repay all funds received from a controversial R27 million sponsorship deal with the Msunduzi Municipality, following a High Court ruling declaring the agreement unlawful. The judgment comes just weeks after the municipality moved to cancel the three-year sponsorship agreement, which had sparked public outrage. The football club is owned by Durban businesswoman Shauwn Mkhize and her son, Andile Mpisane. Local ratepayers and civil society groups, who have long opposed the deal, have welcomed the court's decision as a victory for transparency and accountability. 'We've been against the sponsorship from the start,' said Anthony Waldhausen, CEO of the Msunduzi Association of Residents, Ratepayers and Civics (MARRC). 'Now, we're looking forward to the municipality taking steps to recover the money owed. That funding should be redirected to urgently needed service delivery.' The sponsorship was originally pitched as a strategic investment in sports development and brand exposure. However, critics slammed it as irresponsible spending in a municipality grappling with service delivery challenges and financial strain. Calls have also intensified to broaden the investigation into the origins and motivations behind the deal, with demands for greater oversight of municipal finances. The court's ruling now compels the Msunduzi Municipality to initiate processes to recover the full R27 million from Royal AM. It remains to be seen whether the club will comply voluntarily or if further legal action will be required. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
5 hours ago
- The South African
'Her Perfect Pitch' returns to empower South African women
Jacaranda FM has officially relaunched its acclaimed women's empowerment campaign, Her Perfect Pitch, for the fourth year running. This year's theme, Unlock the Next Level , aims to help women-led businesses across South Africa gain the exposure, mentorship, and crucial support needed to scale their ventures. The campaign coincides with Women's Month, making it a timely opportunity for female entrepreneurs to showcase their talent. The grand prize offers winners R500 000 in advertising credit on Jacaranda FM, including the creation and production of a bespoke radio advert. Winners will benefit from the station's extensive digital platforms, providing a powerful boost to their brand visibility. But the rewards don't stop at advertising. Jacaranda FM will also offer tailored business mentorship. Winners will receive expert advice on developing business models, research consultation, strategic branding, and specialised digital and PR guidance. This comprehensive support ensures winners can sustain growth long after the campaign ends. Vuyani Dombo, Jacaranda FM Managing Director, spoke passionately about the campaign. Her Perfect Pitch is more than just advertising. It's a commitment to empowering women entrepreneurs. We want to celebrate their resilience and help them reach new heights. Our support includes not only exposure but hands-on mentorship that makes a lasting difference.' All entrepreneurs entering the competition must submit their applications between 7 and 31 August 2025 via the Her Perfect Pitch or Jacaranda FM websites. The application process requires detailed information about the business, including a thorough business model overview, unique selling points, and financial statements, according to Tech Financials. Applicants are encouraged to take their time to complete their forms carefully to strengthen their chances. From the pool of applicants, Jacaranda FM will shortlist the Top 30, who will then submit a two-minute video pitch. These entrepreneurs will also have the chance to network with fellow innovators and industry professionals at an exclusive session. From this group, the Top 10 finalists will be invited to pitch live at Jacaranda FM's studios in Johannesburg before a panel of expert judges. Each of the Top 10 finalists will receive R100 000 worth of radio airtime. The big winner will be announced at a special #HerPerfectPitch event and live during the Breakfast with Martin Bester show on Jacaranda FM. ' Her Perfect Pitch has transformed many women's businesses over the past three years, and we are eager to see how this year's entrepreneurs unlock their next level,' said Dombo. South African women entrepreneurs looking for growth and recognition should not miss out on this unique chance. The campaign promises real business transformation. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
