FirstRand Ltd.

FirstRand Ltd.

FirstRand Ltd.

Overview
Date Founded

1998

Headquarters

4 Merchant Place,Corner Fredman Drive & Rivonia Road,Sandton,Johannesburg, Gauteng 2196

Type of Company

Public

Employees (Worldwide)

48.8K

Industries

Retail & Commercial Banking
Holding Companies

Company Description

FirstRand Ltd. is a holding company, which engages in the provision of banking, insurance, and investment products and services to retail, commercial, corporate, and public sector customers through its subsidiaries. It operates through the following segments: FNB, RMB, WesBank, Aldermore, and FCC and Other. The FNB segment represents the company's activities in the retail and commercial segments. The RMB segment covers the group's activities in the corporate and investment banking segments. The WesBank segment composes of the group's activities in the installment credit, fleet management and related services in the retail, commercial, and corporate segments. The Aldermore segment focuses on specialist lending across the following areas: asset finance, invoice finance, small-medium sized enterprises, commercial mortgages, residential mortgages, and buy-to-let. The FCC and Other segment deals with group-wide functions, including group treasury, finance, tax, enterprise risk management, regulatory and conduct risk management, and internal audit. The company was founded in February 1998 and is headquartered in Johannesburg, South Africa.

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Digital Officer

Head, Social Investing

Head, Investor Relations

Head, Group Organizational Development & Human Capital

Group Treasurer

Chief Executive Officer-WesBank

Chief Executive Officer, RMB

Chief Executive Officer-FnB

Board of Directors

Former Chief Executive Officer & Executive Director at Primedia Pty Ltd.

Former Chief Executive Officer at Deloitte & Touche (South Africa)

Chief Executive Officer at Rand Merchant Investment Holdings Ltd.

Chief Executive Officer at Remgro Ltd.

Chief Executive Officer at FirstRand Ltd.

Deputy Chief Executive Officer, Group Finance Director, Executive Director at Momentum Metropolitan Holdings Ltd.

Director-Financial Services at African Bank Holdings Ltd.

Chief Financial Officer at FirstRand Ltd.

Chief Financial Officer at Women's Development Businesses Trust

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FirstRand Ltd.
Owners & Shareholders
Details Hidden

PIC's investment strategy is designed to take into consideration a long-term view of the macro environment. Their main investment objectives are to achieve strong long-term capital returns above clients' benchmarks. The firm's strategy includes building a portfolio around our clients' requirements, diversified by sector, geography, duration and size. The PIC follows a robust investment strategy that stems from its investment philosophy across all asset classes. PIC primarily invests in pension, provident, social security and guardian funds, diversified across listed equities, capital markets, money markets, real estate and the Isibiya Fund. They invest in directly held, unlisted and listed real estate. Investments include retail malls, convention centers and hotels, in addition to rural and urban townships and airports in South Africa. Their investments focus on development management, property finance and asset management.

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Old Mutual South Africa is an active manager which allocates assets between different asset classes including equities, bonds, real estate, cash and alternative assets. Their geographic focus is both local and international.The firm aims to achieve long-term investment returns and provide inflation beating returns for policyholders in accordance with their risk/return profile. Assets are selected by asset managers investing in accordance with a mandate provided by Old Mutual South Africa, which specifies asset allocation limits.Old Mutual South Africa utilizes asset-liability modeling techniques to set the investment mandates, which aim to balance the reasonable expectations of policyholders with the capital considerations arising out of the investment guarantees provided. A management committee approves the recommendations from the mandate managers, including changes in asset allocations and benchmarks.

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Allan Gray is an active, valuation-oriented manager which aims to deliver superior long-term performance at lower levels of risk by making investment decisions based upon proprietary, fundamental research. They seek to buy shares that are undervalued and sell them when the firm thinks they have reached their worth, regardless of popular opinion. The firm invests in a range of equity, fixed interest and multi-asset mandates across Africa. Their flagship long-term unit trust - Allan Gray Balanced Fund is suitable for investors that are looking for steady, long-term capital growth with moderate fluctuation that ideally invest for at least three years.

Recent Transactions
Details Hidden

FirstRand Ltd., FirstRand Bank Ltd. purchase DNI-4PL Contracts (Pty) Ltd. from Net1 Applied Technologies South Africa (Pty) Ltd.

Details Hidden

Discovery Ltd. purchases FirstRand Ltd. /Discovery Card Business from FirstRand Ltd.

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FirstRand Ltd., Firstrand International Ltd. purchase Aldermore Group Plc from AnaCap Financial Partners LLP

Transaction Advisors
Investment Advisor

Advised onFirstRand Ltd., Firstrand International Ltd. purchase Aldermore Group Plc from AnaCap Financial Partners LLP

Legal Advisor

Advised onRMB Holdings Ltd. purchases OUTsurance Insurance Co., Ltd. from FirstRand Ltd.

Investment Advisor

Advised onFirstRand Ltd., Firstrand International Ltd. purchase Aldermore Group Plc from AnaCap Financial Partners LLP

Advisors & Consultants
Legal Advisor

Partner at DLA Piper

Advisor

Vice Chairman of Corporate & Investment Banking at Citigroup, Inc.

Key Stats and Financials As of 2019
Market Capitalization
$374B
Total Enterprise Value
$364B
Earnings Per Share
$5.39
Revenue
$167B
Net Profit
$30.9B
Debt TEV
0.2x
TEVNet Income
11.79x
Enterprise Value Sales
2.18x
Three Year Compounded Annual Growth Rate Of Revenue
15.25%
Five Year Compounded Annual Growth Rate Of Revenue
13.37%
Total Debt
$73.3B
Total Equity
$138B
Investments
Details Hidden

Rentworks Africa (Pty) Ltd. provides rental financing and asset lifecycle management services. It finances assets in the areas of information technology, business technology, mining and construction, material handling, medical, golf and leisure, and telecommunications sectors. The company was founded in 1998 and is headquartered in Johannesburg, South Africa.

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Toro Gold Ltd. engages in the gold exploration and development. The firm focuses on the prolific birimian and archean geological terranes of Africa and its principal project consists of Mako, Kenieba, Madina Foulbe and Velingara, Guilengbe and Zomoko. It established a portfolio of gold projects to offer investors exposure both to proven and emerging gold provinces while providing technical and political risk diversification. The company was founded by Martin Horgan and Howard J. Bills in 2009 and is headquartered in St. Peter Port, Guernsey.

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RTT Group (Pty) Ltd. provides logistics and supply chain solutions. It offers warehousing solutions in the areas of implementation, integration, information technology infrastructure sectors. The firm supply chain solutions include clearing and forwarding integration and port to warehouse solutions. The company was founded by Timothy Edwards in June 1980 and is headquartered in Boksburg, South Africa.

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Emira Property Fund Ltd. Real Estate Investment Trusts | Bryanston, GT

Emira Property Fund Ltd. is a real estate investment trust. It operates through the following segments: Office, Retail, Industrial, Residential, and Corporate. The Office segment comprises directly held commercial properties. The Retail segment consists of shopping centers. The Industrial segment includes industrial properties. The Residential segment pertains to directly held residential properties. The Corporate segment includes South African administration activities. The company was founded in 1991 and is headquartered in Bryanston, South Africa.

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