Access Bank South Africa Announces Leadership Transition Plans

Access Bank South Africa today announced a planned leadership transition, with Chief Executive Officer Sandile Shabalala preparing to step down from his role. He will remain with the Bank until March 2026 to support continuity and ensure a smooth transition for employees, customers, and stakeholders.

The bank confirmed that the decision forms part of an orderly leadership process and that operations, client engagements, and strategic priorities remain firmly in place during this period.

Board Chairperson Patrick Mathidi thanked Shabalala for his contribution to the South African franchise.

“We extend our sincere appreciation to Sandile for the discipline and leadership he has brought to Access Bank South Africa. He has played an important role during a period of growth and change, and his continued presence over the coming months will help ensure stability and continuity for the organisation,” said Mathidi.

As part of its governance and regulatory arrangements, the bank confirmed that the South African Reserve Bank has approved Abiodun Dada to serve as Co-Chief Executive Officer. In this capacity, Dada is already working closely with Shabalala and the broader leadership team, including direct engagement with key clients and stakeholders.

Dada brings deep experience across Access Bank Group’s corporate banking operations, having led sector portfolios spanning energy, trade, and structured finance, and supported multinational and large local corporates across several African markets.

“Our priority during this period is to maintain focus on our customers, our people, and the markets we serve. We are committed to a steady, transparent process that reflects strong governance and regulatory alignment,” said Mathidi.

Access Bank South Africa reiterated its commitment to South Africa as a strategic market within the Group’s pan-African footprint.