Evolution Credit Limited, previously known as Real People Investment Holdings Limited, is a financial services
holding company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
with its headquarters in
Rosebank,
South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...
.
Overview
Evolution Group is a South African-based financial services institution. Its subsidiaries specialise in providing home improvement finance, debt collection services and assurance products. The group has more than 1,000 employees.
History
Evolution Group was incorporated as Real People Group on 13 September 1999. On 21 August 2013 the company converted into a public limited liability company.
, the group has listed
bonds on the
NASDAQ OMX Stockholm
Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange ( sv, Stockholmsbörsen), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As o ...
.
Group Businesses
The companies that compose the Real People Group include, but are not limited, to the following:
* DMC Debt Management (Proprietary) Limited – is a South African debt collection company, trading since 2001. The head office is situated in
East London
East or Orient is one of the four cardinal directions or points of the compass. It is the opposite direction from west and is the direction from which the Sun rises on the Earth.
Etymology
As in other languages, the word is formed from the f ...
, South Africa.
*Real People Home Finance (Proprietary) Limited - offers loans up to ZAR 120 000 for customers to spend at over 600 participating hardware stores. The head office is situated in
Rosebank, South Africa.
*Real People Assurance Company Limited – provides individual insurance policies. The head office is situated in
East London
East or Orient is one of the four cardinal directions or points of the compass. It is the opposite direction from west and is the direction from which the Sun rises on the Earth.
Etymology
As in other languages, the word is formed from the f ...
, South Africa.
Governance
Evolution Group is governed by a six-person board of directors, Norman Thomson as the chairperson and Neil Grobbelaar as the Group CEO.
See also
*
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...
References
{{Witwatersrand companies
1999 establishments in South Africa
Financial services companies established in 1999
Financial services companies of South Africa
Companies based in Johannesburg
Microfinance organizations