|
FirstRand
FirstRand Limited, also referred to as FirstRand Group, is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator. Overview Listed on the JSE and the Namibian Stock Exchange, FirstRand Limited is one of the largest financial institutions in South Africa, and provides banking, insurance and investment products and services to retail, commercial, corporate and public sector customers. In addition to South Africa, the group operates in eight key African countries, namely, Botswana, Namibia, Swaziland, Lesotho, Zambia, Mozambique, Tanzania, Ghana and Nigeria. FirstRand Bank has branches in London, Guernsey and India. FirstRand executes its strategy through a portfolio of leading financial services franchises; Rand Merchant Bank (RMB), the corporate and investment bank; First National Bank (FNB), the retail and commercia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First National Bank (South Africa)
First National Bank (FNB; ) is one of South Africa's " big four" banks. It is a division of FirstRand, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR. FNB is also listed on the Botswana Stock Exchange under the symbol FNBB and is a constituent of the BSE Domestic Company Index. Overview FNB is one of the three major divisions of the FirstRand Group, and the others being Rand Merchant Bank and Wesbank. First National Bank maintains banking subsidiaries which it owns wholly or in part, in Botswana, Mozambique, Namibia, South Africa, Eswatini, Tanzania, Zambia, Ghana, India, Lesotho and Guernsey. FNB is also actively pursuing expansion plans in Angola and Nigeria. Media reports in May 2012 indicated that the bank is also making plans to expand into Kenya, Rwanda and Uganda. History FNB is the oldest bank in South Africa. It traces its origins back to the ''Eastern triocrees Province Bank'', which wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RMB Holdings
RMH (officially RMB Holdings Limited) is a South African diversified financial services holding company. Overview RMH is listed on the JSE, and is headquartered in Sandton, South Africa. History RMH traces its roots from Rand Consolidated Investments (RCI) and Rand Merchant Bank, which were founded in 1977 and 1968 respectively. RCI was co-founded by Paul Harris, Gerrit Ferreira and Lauritz Dippenaar. The company's objective was to offer leveraged leasing and off-balance-sheet financing to businesses. RCI failed to secure a banking licence; this led to the firm joining forces with Johann Rupert's Rand Merchant Bank in 1985. The newly created entity took up the Rand Merchant Bank name. 1987 to 2010 In 1987, RMH was found as the holding company for the expanding Rand Merchant Bank. RMH was listed through a reverse listing when it took control of Momentum Life on 1 July 1992. RMH acquired 30% and 28.7% stake in Momentum Life from ABSA and Remgro respectively. RMH ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mary Vilakazi
Mary Vilakazi (; born August 1977) is a South African businesswoman and chartered accountant who has been chief executive officer of FirstRand since April 2024. Before joining FirstRand as chief operating officer in 2018, she was deputy chief executive officer at MMI Holdings and a partner at PwC. Early life and education Vilakazi was born in August 1977. She was born and raised in Alexandra, a township outside Johannesburg. Her mother was a bookkeeper. She attended primary school in Alexandra, but, supported by a Rotary Fund scholarship, she matriculated at St Enda's Secondary School in Braamfontein, Johannesburg. She fell pregnant and gave birth during her final year of high school but nonetheless enrolled at the University of the Witwatersrand, where she completed a Bachelor of Commerce in 1999 and Honours in 2000. Career Vilakazi completed her articles of clerkship as a chartered accountant at auditing firm PwC, which had given her a bursary to complete her degree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MMI Holdings Limited
Momentum Group Limited (stylized and often referred to simply as momentum), is a South African financial services group that is listed on the Johannesburg Stock Exchange. History In July 2019 MMI took the decision to change its name from MMI Holdings to Momentum Metropolitan Holdings. The change aims to promote the well-known brand names of two of the strongest companies within the Group, Momentum and Metropolitan. MMI Holdings was formed in 2010 when Metropolitan Holdings and Momentum Group, two insurance and financial services companies in South Africa, merged their operations. Pre-Merger Metropolitan Holdings Limited Metropolitan was founded in 1898 as Homes Trust Limited and was later acquired by Sanlam in 1918. Sanlam merged Homes Trust Limited with Metropolitan Life Insurance Company Limited (another one of its subsidiaries) to form Metropolitan Homes Trust Life Limited in 1979. In 1985, Metropolitan Homes Trust Life Limited changed its name to Metropolitan Life ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Namibian Stock Exchange
The Namibia Securities Exchange (NSX) (; ) is the only stock exchange in Namibia. Based in Windhoek, it is one of the largest stock exchanges on the African continent. It has a partnership with JSE in neighbouring South Africa. The NSX is only open on weekdays, and trades continuously from 09:00 to 17:00 (WAT), excluding public holidays. The stock exchange operates under a license from the Namibian non-banking financial regulator NAMFISA. The stock exchange is regulated by the ''Stock Exchanges Control Act'' (1985 and 1992). History The first stock exchange in Namibia was founded in Lüderitz (previously known as the Lüderitz Stock Exchange). It opened at the start of the 1900s as a result of the diamond rush, which brought hundreds of prospectors to the desert, who then built settlements in the area. After a few years, the old exchange closed when the diamond rush ended and there were no more business opportunities. Relaunch The idea of a second Namibian Stock Exchange ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johan Burger
Johan Petrus Burger is a South African businessman and the Chairman of FirstRand. He succeeded Sizwe Nxasana who retired after nine years as CEO. Burger was previously the company's CFO. He graduated from the University of Johannesburg The University of Johannesburg, colloquially known as UJ, is a public university A public university, state university, or public college is a university or college that is State ownership, owned by the state or receives significant fundi .... References South African businesspeople University of Johannesburg alumni Year of birth missing (living people) Living people Place of birth missing (living people) {{SouthAfrica-business-bio-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Close Brothers Group
Close Brothers Group plc is a UK merchant banking group which provides lending, takes deposits, manages wealth and trades in securities. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History Close Brothers was founded in 1878 by William Brooks Close and his brothers Fred and James Close, who started offering farm mortgages in Sioux City, Iowa. In 1897, William Brooks Close paid £10,000 to the US government for the right to build Alaska's first railway the White Pass and Yukon Route. The company was the subject of a management buy-out in 1978 and was first listed on the London Stock Exchange in 1984. In the 1980s and 1990s, the company expanded through the acquisition of a specialist businesses including Winterflood Securities in 1993, Hill Samuel's Corporate Finance Division in 1996 and Rea Brothers (established 1919) in 1999. In March 2008, Close Brothers acquired UK short-term and bridging lender Commercial Acceptances Group for a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Nigeria
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort and financial adviser to the federal government. The central bank's role as lender of last resort and adviser to the federal government has sometimes pushed it into murky political controversies. After the end of colonial rule, the desire of the government to become proactive in the development of the economy became visible, especially after the end of the Nigerian civil war, the bank followed the government's desire and took a determined effort to supplement any show shortfalls, credit allocations to the real sector. The bank became involved in lending directly to consumers, contravening its ori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guernsey
Guernsey ( ; Guernésiais: ''Guernési''; ) is the second-largest island in the Channel Islands, located west of the Cotentin Peninsula, Normandy. It is the largest island in the Bailiwick of Guernsey, which includes five other inhabited islands – Alderney, Herm, Jethou, Lihou and Sark – and many small islets and rocks. The bailiwick has a population of 63,950, the vast majority of whom live on Guernsey, and the island has a land area of . Guernsey was part of the Duchy of Normandy until 1204, when the Channel Islands remained loyal to the English crown, splitting from mainland Normandy. In 1290, the Channel Islands were divided administratively and Guernsey became part of the Bailiwick of Guernsey. During the World War II, Second World War, Guernsey was invaded and occupied by Nazi Germany. After five years of occupation, the island was liberated on 9 May 1945, that date being celebrated annually as Liberation Day. Guernsey is administered as part of the Bailiwick of Gu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Reserve Bank
The South African Reserve Bank (SARB) is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial conditions which World War I had brought. The SARB was only the fourth central bank established outside the United Kingdom and Europe, the others being the Federal Reserve, Bank of Japan and Bank of Java. The earliest suggestions for the establishment of the Central Bank in South Africa date back to 1879. A select committee, of ten members of Parliament, was established on 31 March 1920 to examine the benefits to the national interest of the establishing of the central bank. Following on the recommendations of the committee, the South African Reserve Bank opened for business on 30 June 1921, making it the oldest central bank in Africa. The first banknotes were issued to the public by the Bank on 19 April 1922. Unlike the Bank of England, whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
