Barely a few hours after the possible life-changing visit by two ABSA Bank management team, at least two of the University’s staff members received communication that they would now be part of the clientele that ABSA will treat as private bankers. These two members said they received communication from ABSA’s wealth manager. They thanked Wandile Ngubane, Head of the Public Sector at the bank for the call. On 30 January 32024, Ngubane and Sicelo Ndwalane, MUT Account Executive at ABSA, were at the University to “strengthen relations with MUT. Ngubane said that included having tailor-made solutions for both staff and students. “We
Want to create a cashless environment where students will not bring cash during the registration period. This will eliminate the risk associated with carrying cash. We also want to onboard qualifying staff to a private bank segment of ABSA,” said Ngubane.
Account: Budgetary Services at MUT, Mbukiso Zuma, said they met with ABSA managers to discuss some enhancements to the banking platform to improve MUT processes.
The two managers also negotiated for the continuation of activation of student accounts at the University. ABSA is one of the partners of the University. The bank has sponsored projects like the annual Empowered Administrators Conference (EAC) and offers bursaries to MUT students. ABSA has been MUT’s main banker since 2012.