Tag: FirstRand

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
Capitec Bank
Hot NewsBusiness

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.
ExclusiveBusinessHot News

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
BusinessHot News

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
BusinessHot News

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
Hot NewsBusiness

Capitec edges FirstRand to become Africa’s most valuable bank as earnings seen up to 25%

Capitec Bank becomes Africa’s top bank as shares rise and earnings are expected to jump 25 percent.

Omokolade Ajayi Omokolade Ajayi
Portside Tower
LuxuryExclusive

Portside Tower: Cape Town’s tallest building, linked to FirstRand

Portside Tower, Cape Town’s tallest, blends sustainability and business as FirstRand’s regional hub with a 5-Star Green Star rating.

Omokolade Ajayi Omokolade Ajayi
FirstRand
BusinessHot News

FirstRand tops Capitec to become Africa’s most valuable bank

With a market cap of $22.9 billion, FirstRand overtakes Capitec as Africa’s most valuable bank, driven by strong earnings and disciplined management.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Africa’s 20 most valuable companies in September 2024

At a Glance South Africa dominates Africa’s top companies list, reflecting its economic and industrial strength on the continent. Naspers Limited leads as Africa’s most valuable company with a $36.2 billion market cap, showcasing global tech prowess. Of 20 top companies, 17 are South African, while Morocco, with a 3.4% GDP growth, highlights its rising economic influence. A glance at…

Omokolade Ajayi Omokolade Ajayi