Latest news with #Msibi
IOL News
30-07-2025
- Business
- IOL News
FNB appoints Ghana Msibi as CEO of Business division
FNB has announced the appointment of Ghana Msibi as the new CEO of FNB Business 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 Get your news on the go, click here to join the IOL News WhatsApp channel
The Citizen
29-07-2025
- Sport
- The Citizen
WATCH: Leading man at Corinthians Africa honored with Young Mandela 2025 Award
More accolades have come the way of Mlungisi 'Jack' Msibi (32), CEO of Corinthians Africa and founder and head coach of the blind football team based in La Rochelle. Msibi was recently honoured with the Young Mandela 2025 Award for Social Justice in recognition of his outstanding work in community development and for founding South Africa's first-ever blind football team. This prestigious award forms part of News24's Young Mandelas of the Future, an annual campaign that recognises young South Africans who are driving positive change. The initiative celebrates a new generation of visionary leaders who embody hope, compassion and innovation. Msibi's recognition stands as a testament to his commitment, perseverance and vision. His journey continues to inspire people of all ages, showing that with passion and determination, dreams can become reality. Speaking to the Comaro Chronicle, Msibi said: 'We continue to advocate for those who are visually impaired. We are doing this with the vision of expanding the league nationally, where there's already so much interest and enquiries.'
The Citizen
28-07-2025
- The Citizen
Court hears final testimonies in brutal Sibongile assault trial
The trial of six Sibongile men accused of the kidnapping and murder of Mzwanile Sibiya resumed in the Dundee Regional Court last week, drawing a packed gallery. The accused — including a police officer, teacher, municipal worker, hospital employee, and two plumbers — were arrested on November 24, 2023. It is alleged that Sibiya and two others were kidnapped, assaulted with sticks and iron rods in public, and accused of theft. Sibiya later died from his injuries. State prosecutor Mr SA Mncadi previously detailed the severe injuries sustained by one survivor, Siphesihle Msibi, who suffered multiple fractures and abrasions. A forensic report confirmed that Sibiya died from blunt force trauma. During earlier bail hearings, Captain Norman Zwane confirmed that all six men were local residents and posed no flight risk. Bail was granted at R5000 each, under strict conditions. This week, defence advocate Mdu Masuku continued cross-examining Zwane and Captain Nkosi regarding Msibi's statement. A trial-within-a-trial focused on discrepancies in Msibi's statement, which was taken while he was hospitalised at Madadeni Hospital. The matter has been remanded to August 12 for closing arguments from both sides. HAVE YOUR SAY: Like our Facebook page, follow us on Twitter and Instagram or email us at [email protected]. Add us on WhatsApp 071 277 1394.
The Citizen
16-07-2025
- Business
- The Citizen
Creecy dissolves RAF board amid governance and operational failures
The transport ministry said the board had undermined the RAF's ability to execute its mandate. Minister of Transport Barbara Creecy has dissolved the board of the embattled Road Accident Fund (RAF). The ministry said on Tuesday said the moves follows persistent governance and operational challenges that have beset the RAF and significantly undermined its ability to discharge its statutory mandate. Suspension At the weekend, suspended officials at the RAF, CEO Collins Letsoalo and the chief investment officer Sefotle Modiba briefed the media, claiming their suspensions are linked to efforts to improve the funds operations. Letsoalo was suspended last month for insubordination for his alleged failure to attend a Scopa meeting. Modiba was placed on precautionary suspension because of concerns regarding his previous employment at the City of Johannesburg and other matters that are currently under investigation. ALSO READ: R25.5 billion deficit over five years — Can RAF afford to pay out claims? RAF board dissolved Creecy's spokesperson Collen Msibi said this has resulted in a loss of confidence in the board's ability to run the RAF effectively. Msibi said the protracted and costly litigation pursued by the RAF on the application of accounting standards has resulted in further strain on the entity's financial resources and capacity. 'The inconsistent and, at times, reckless handling of the suspension of the Chief Executive Officer, that attracted a legal challenge and institutional uncertainty. The frequent incurrence of default judgments against the RAF exacerbating its contingent liabilities and weakening its financial sustainability 'The failure by the Board to fill at least two critical executive positions, which are critical to the mandate of the Fund, namely, Chief Claims Officer and Head of Legal. This has resulted in the loss of confidence in the board's ability to run the entity effectively,' Msibi said. RAF commitment Msibi said Creecy has reiterated the department's commitment to continue to pursue all necessary measures to restore institutional stability and enhance the RAF's capacity to fulfil its statutory obligations to road accident victims. He added that Creecy further emphasized the department's intent to finalize the Road Accident Benefit Scheme Bill, which will introduce a no-fault system to make it easier for road accident victims to access the benefits without costly legal bills. ALSO READ: RAF national crisis demands urgent action – expert
TimesLIVE
15-07-2025
- Business
- TimesLIVE
Transport minister dissolves RAF board
Transport minister Barbara Creecy has dissolved the board of directors of the Road Accident Fund (RAF) after ongoing governance and operational challenges that have severely hampered the agency's ability to fulfil its statutory mandate. According to the department, on June 5, Creecy issued letters to the 11 members of the board, allowing them to make representations regarding her intention to dissolve the board due to their failure to discharge their fiduciary duties effectively. National department of transport spokesperson Collen Msibi said the representations were received and considered. 'Consequently, the board has been dissolved. A submission has been prepared requesting the minister of finance to appoint an interim functionary as accounting authority in accordance with the Public Finance Management Act. The proposed appointment is intended to prevent a governance vacuum while a new board is being constituted,' Msibi said. Msibi said the governance challenges in the agency and concerns that were confirmed through internal oversight and regulatory engagements include the protracted and costly litigation pursued by the RAF on the application of accounting standards, which has resulted in further strain on the entity's financial resources and capacity. 'The inconsistent and, at times, reckless handling of the suspension of the CEO that attracted a legal challenge and institutional uncertainty. The frequent incurrence of default judgments against the RAF, worsening its contingent liabilities and weakening its financial sustainability. Deep divisions within the board itself, evidenced by most resolutions being passed through the use of casting votes, rather than consensus, reflecting a lack of cohesion in critical decision-making processes,' Msibi said. He said this also included the failure by the board to fill at least two critical executive positions a chief claims officer and the head of legal. According to Msibi, this had resulted in the loss of confidence in the board's ability to run the entity effectively. Msibi said a draft public advertisement has been prepared to commence the process of appointing a new board, ensuring transparent and merit-based selection in line with applicable legislation. 'To support the development of a sustainable operational and governance model, the minister has initiated the appointment of a panel of independent experts to review the RAF's business processes and propose actionable recommendations. Members of the panel will be announced in due course. 'Furthermore, a request has been made to the SIU to establish if the current investigation under Proclamation 44 of 2024 covers the events of the past three months and, if not, formally request the expansion of the scope to cover these events. The response from the SIU in this regard is eagerly awaited,' he said. Creecy has emphasised her department's intent to finalise the road accident benefit scheme bill, which will introduce a no-fault system to make it easier for road accident victims to access the benefits without costly legal bills.
