Arrie Rautenbach

Rautenbach owns a minority stake of 0.026 percent, amounting to 218,412 shares in the financial services giant.

Rautenbach owns a 0.023-percent stake in the banking group, worth $1.94 million.

Absa Group shares have fallen by more than four percent since the opening of the Johannesburg Stock Exchange this morning.

Rautenbach has been with Absa since 1997.