US EditionKenny Fihla-led Absa accounting ‘in disarray,’ court denies property seizure bid
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Kenny Fihla-led Absa accounting ‘in disarray,’ court denies property seizure bid
Key PointsCourt rejects Absa’s R6.7 million ($372,000) loan bid over disarrayed accounting, citing inconsistent bank statements and insufficient debt evidence. New CEO Kenny Fihla faces major legal blow as Johannesburg court demands full trial over disputed loan and conflicting arrears. Absa’s accounting errors spark consumer warnings, even as the bank pushes pan-African growth and green finance investment plans.Absa Group, the Johannesburg-base…
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