Africa's Biggest Bank Plans Job Cuts as Customers Go Digital

  • About 600 jobs to be cut at FirstRand's FNB, union says
  • Forty branches will close and 31 will reduce staff, Sasbo says

FirstRand Ltd. plans to close branches and cut jobs at its South African retail-lending unit as customers switch to digital banking and the continent’s biggest lender by market value responds to an economy on the brink of a recession.

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