Tag: FirstRand

HSBC
BusinessBanking

HSBC officially exits South Africa after 31 years in Africa’s biggest economy.

HSBC has officially exited South Africa after 31 years, with FirstRand and Absa taking over services for its former corporate and investment banking clients.

Oluwatosin Alao Oluwatosin Alao
Lytania Johnson
ExecutivesBusinessHot News

25-year climb puts $1 million FirstRand stake in South Africa’s FNB CEO hands

Lytania Johnson’s 25-year rise at FNB has culminated in a $1.06 million FirstRand stake, built through deferred executive incentives and share awards.

Omokolade Ajayi Omokolade Ajayi
South African banker Mary Vilakazi
BusinessHot News

How share awards lifted FirstRand chief Mary Vilakazi to a $5 million stake

Executive share awards boosted FirstRand CEO Mary Vilakazi’s holding to $5.04 million in 2026, marking a 60.1 percent surge in her beneficial equity.

Omokolade Ajayi Omokolade Ajayi
South African banking giant FirstRand.
BusinessHot News

South Africa’s FirstRand rewards investors with record payout despite UK hit

FirstRand raised its full-year dividend 16 percent to a record $0.33 per share, backed by double-digit profit growth across its African banking units.

Omokolade Ajayi Omokolade Ajayi
Emrie Brown, CEO of RMB
ExecutivesHot News

South African banker Emrie Brown takes $2.9 million FirstRand pay

Emrie Brown's $2.9 million FirstRand pay reflects stronger earnings and her role leading RMB's corporate and investment bank.

Timilehin Adejumobi Timilehin Adejumobi
Markos Davias, CFO of FirstRand
ExecutivesHot News

FirstRand CFO Markos Davias gets $2.8 million pay package in 2025

FirstRand CFO Markos Davias received $2.86 million in 2025 as earnings rose and the bank expanded its balance sheet.

Timilehin Adejumobi Timilehin Adejumobi
Capitec Bank HQ
BusinessHot News

Capitec overtakes FirstRand as Africa’s most valuable bank at $34.5 billion

Capitec overtakes FirstRand as Africa’s most valuable bank, reaching a $34.5 billion market capitalization after stronger earnings and share gains.

Omokolade Ajayi Omokolade Ajayi
South African banker Mary Vilakazi
Hot NewsBusiness

South African banker Mary Vilakazi leads FirstRand back as Africa’s most valuable lender with $32.4 billion market cap

Mary Vilakazi steers FirstRand back to Africa’s top banking spot as its market cap reaches $32.4 billion, surpassing Capitec and Standard Bank.

Omokolade Ajayi Omokolade Ajayi
FirstRand chair Johan Burger
Hot NewsBusiness

FirstRand chair Johan Burger’s stake tops $30 million despite UK regulatory drag

Johan Burger's stake has climbed above $30 million, driven by rising South African banking stocks and a stronger rand.

Omokolade Ajayi Omokolade Ajayi
South African banker Mary Vilakazi
Hot NewsBusiness

South African banker Mary Vilakazi’s FirstRand stake tops $3.2 million as shares climb

Mary Vilakazi’s FirstRand stake tops $3.2 million following strong share price growth and a recovering rand this year.

Omokolade Ajayi Omokolade Ajayi
South African banking giant FirstRand.
Hot NewsBusiness

FirstRand says $1 billion UK redress charge to cut annual earnings

FirstRand faces a $1.02 billion UK provision hit, but robust banking growth across South Africa and broader African markets keeps core earnings resilient.

Omokolade Ajayi Omokolade Ajayi
IFC FirstRand agri-MSME bond
BusinessHot News

FirstRand gets $103 million IFC backing to boost South Africa’s agri-SMEs

IFC will invest $103 million in FirstRand to expand agricultural MSME financing and strengthen South Africa’s capital markets.

Feyisayo Ajayi Feyisayo Ajayi