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WORLDVIEW: Mercantile CEO Kumbier’s hospital pass isn’t good news – for bank or SA
SA has always been the ideal springboard into Africa, but continental optimism has faded. And directly, bank profitability is correlated to the economies where they operate.
By Alec Hogg
Mercantile Bank CEO Karl Kumbier admits to "eating, sleeping and drinking" his business. The former Standard Bank GM will need every ounce of that obsession in the next 12 months after being thrown a hospital pass late on Friday night.
Karl Kumbier, CEO, Mercantile Bank
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