ARTICLES RELATING TO FIRSTRAND

FirstRand takes a leaf from Amazon's book to capture consumers

2018-12-10 08:54

FirstRand is emulating Amazon.com with a digital offering that will span everything from insurance, car license renewals to locating plumbing services as the South African bank chases new revenue sources.

Fitch confirms ratings of SA's major banks at notch below investment grade

2018-11-16 13:25

Ratings agency Fitch has kept the ratings of five of SA's major banks at BB+ with a stable outlook.

Banks weigh new fund to boost black farm ownership

2018-08-29 10:22

Banks are in talks to start a joint fund that could be used to accelerate the transfer of land to black people as they seek to protect billions of rand in assets tied up in farm loans.

Moody’s keeps ratings of SA’s big 5 banks at investment grade

2018-03-27 19:04

Ratings agency Moody’s has kept the ratings of SA’s big five banks at investment grade.

FirstRand head Johan Burger to retire

2018-02-27 14:25

FirstRand has announced that its group CEO Johan Burger is to retire soon, with his deputy Alan Pullinger set to become the new head of the financial services provider.

SA banks prepare for the worst as junk rating looms

2017-11-14 09:13

South African banks are preparing for the worst when it comes to the threat of another downgrade of the country’s debt.

SA banks rein in lending as economy stutters

2017-09-08 12:18

South Africa’s four biggest banks, pummelled by political wrangling and enmeshed in economic malaise, are increasingly shying away from their main role: lending.

Why SA banks are truly world class

2017-07-09 14:52

South African banks are very different from banks in many other countries, Lafferty group CEO Michael Lafferty tells Fin24 why.

‘Leaders have lost interest in what’s good for SA’

2017-05-14 07:03

A former FirstRand CEO has halted some of his business ventures following the Cabinet reshuffle and the two credit rating downgrades.

Zuma curse stalks SA banks as bond sales set to stall

2017-04-13 14:53

Just as things have been starting to look up for South African banks with economic growth and lending poised to rebound, President Jacob Zuma strikes again.

 

Eskom should weigh selling its crown jewels, FirstRand CEO says

2018-12-07 10:54

The power utility should consider selling two coal-fired plants that rank among the world’s biggest to help repair the state-owned utility’s finances, according to the head of SA’s biggest bank by market value.

FirstRand urges Ramaphosa to shun populism

2018-10-05 05:15

The government has adopted certain populist policies that the country cannot afford, according to FirstRand chairperson Roger Jardine.

FirstRand's new debt-investment fund to raise R1bn

2018-06-01 20:27

FirstRand’s Ashburton Investments is starting a new debt-instrument investment fund, as it seeks to take advantage of lending gaps and opportunities in the south of the continent.

FNB to enter short-term insurance market

2018-03-19 14:34

The Financial Services Board has awarded FirstRand, the parent company of First National Bank, a short-term insurance license.

FirstRand’s acquisition of UK-bank to help free up funding

2017-11-16 07:00

FirstRand plans to integrate its UK business segment into its acquisition of UK bank Aldemore, which will help free up funding and liquidity capacity of the bank.

FirstRand takes on Britain's biggest banks with R20bn takeover

2017-11-07 07:42

FirstRand plans to take on Britain’s biggest banks with the takeover of Aldermore Group as growth in its home market stutters.

Billionaire Motsepe seeks to shake up SA banks with Tyme

2017-08-24 20:40

The banking partner of billionaire Patrice Motsepe’s African Rainbow Capital is close to getting a license that it wants to use to challenge the dominance of SA’s biggest lenders.

Moody’s downgrades SA’s top 5 banks … and more

2017-06-12 20:22

Moody’s has downgraded the credit ratings of South Africa’s top five banks, three development finance institutions, 10 regional and local governments and three government-related entities.

5 charts on why banks are in Zuma's cross hairs

2017-05-12 07:05

SA's top four banks haven’t done themselves any favours. In the past decade, three boards have backslid on racial diversity and none of them reflects the country’s demographics.

Deep discount lures buyers to SA banks despite junk

2017-04-13 09:39

Foreign investors have been snapping up South African banking stocks, enticed by the cheapest valuations relative to emerging-market peers since 2011.

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