Tag: FirstRand

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
BusinessHot 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
BusinessHot 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
Lloyds Banking Group
BusinessHot News

Lloyds Banking Group considers Aldermore bid as South Africa’s FirstRand plans exit

Lloyds Banking Group explores an Aldermore acquisition as FirstRand seeks a UK exit amid motor finance risks.

Timilehin Adejumobi Timilehin Adejumobi
FirstRand earnings 2025
BusinessHot News

South African banker Harry Kellan earns $3 million pay at FirstRand in 2025

South African banker Harry Kellan earned $3.04 million in 2025 at FirstRand, overseeing First National Bank and WesBank leadership performance growth performance.

Feyisayo Ajayi Feyisayo Ajayi
FirstRand plans UK exit after $1 billion motor-finance hit
BusinessGlobal News

South Africa’s FirstRand exits UK market after $1 billion setback

FirstRand Ltd., a leading financial services group is preparing to step back from the UK after a sharp rise in compensation costs tied to a motor-finance mis-selling review pushed it to reassess its overseas exposure.  FirstRand is now working with advisers, including Bank of America and its own investment-banking arm, RMB, to explore the potential sale of its UK subsidiary,…

Oluwatosin Alao Oluwatosin Alao