Tag: FirstRand

South African banker Mary Vilakazi
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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
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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
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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.
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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
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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
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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
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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
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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
Capitec Bank
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Capitec’s market cap tops $30 billion, regains title as Africa’s most valuable bank

Capitec Bank’s market cap climbs above $30 billion, reclaiming its position as Africa’s most valuable lender after share price gains in Johannesburg.

Omokolade Ajayi Omokolade Ajayi
Mary Vilakazi, First female Chief Executive Officer of FirstRand, South Africa’s $30 billion banking group.
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Mary Vilakazi: First female CEO of South Africa’s $30 billion lender, FirstRand

Mary Vilakazi oversees FirstRand, positioning the group at the center of Africa’s expanding financial services industry.

Omokolade Ajayi Omokolade Ajayi
Optasia office
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FirstRand boosts Optasia stake with $86.3 million purchase

FirstRand boosts its stake in Optasia with a $86.3 million investment, supporting the fintech’s expansion in digital lending across 38 countries.

Timilehin Adejumobi Timilehin Adejumobi
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FirstRand tops Capitec as Africa’s most valuable lender, eyes Ghana and Nigeria

FirstRand surpasses Capitec as Africa’s top lender, targeting growth in Ghana, Nigeria, and broader regional markets.

Omokolade Ajayi Omokolade Ajayi