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IOL News
2 days ago
- 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
22-07-2025
- Business
- The Citizen
Here is how SMEs can prioritise their employees
'With the right approach, even the smallest business can attract, build and retain a team that performs like a powerhouse.' Many businesses often forget to prioritise their employees, overlooking the fact that they are the ones who put in the work and make ideas become a reality. If employees are not happy, it often shows in the business's performance. FNB is warning small and medium enterprises (SMEs) that not prioritising employee productivity could significantly hinder the success and growth of their business. 'The key to driving productivity is a clear, people-first strategy built on the four pillars of incentives, benefits, culture and education', says Palesa Mabasa, Business Development Head: SME Funding at FNB Business. She highlights that productivity is not about pushing people harder, but creating an environment where people want to show up, contribute and grow. Incentives for employees Mabasa highlights that incentives are one of the most effective levers for boosting performance. It does not have to be anything complicated; it can be a commission, performance bonuses, or creative perks like weekend getaways or vouchers for top performers. However, it remains important that these incentives are fair, transparent and directly tied to results. 'Even the best incentive programmes can backfire if they are seen as opaque or biased. That is why clear Key Performance Indicator (KPIs) and regular performance feedback are vital.' ALSO READ: Work and lifestyle goes hand in hand: Game-changing benefits to attract top talent in 2025 Employee benefits Mabasa notes that employee benefits play a crucial role in enhancing productivity and employee retention. 'While many SMEs assume benefits are too costly or complicated, she urges business owners to think differently. 'Simple offerings like funeral cover, pension contributions or medical savings options can go a long way towards making employees feel secure and valued.' Company culture Another factor that boosts employees' productivity is an open and inclusive culture, rooted in shared purpose and values. 'If your team understands where the business is going, and they believe in that vision, they will offer your business that highly prized discretionary effort, that only comes from truly engaged employees. 'Strategy must be explained in a way that everyone understands their role in delivering on it.' She highlights that culture is not just about feel-good values on a poster; it's about daily behaviours that everyone buys into and, very importantly, the behaviours that are not acceptable. ALSO READ: How to create a healthy work environment for employees Importance of education Mabasa says the final piece of the productivity puzzle is employee education, particularly in areas such as financial literacy and tax matters. 'Many employees do not understand how a bonus affects their tax, or why certain deductions appear on their payslips. Without that understanding, even generous benefits can cause confusion or frustration.' She recommends SMEs to focus on delivering financial education to staff, as this will reduce misunderstandings around payslips and benefits. Employee education can also foster a more financially responsible and resilient workforce, one that is not only financially confident but also driven to perform. 'With the right approach, even the smallest business can attract, build and retain a team that performs like a powerhouse.' NOW READ: Remote work vs return to office: The battle for workplace culture, pay and productivity
