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)

49.2K

Industries

Retail & Commercial Banking
Holding Companies

Company Description

FirstRand Ltd. operates as a holding company. The firm engages in the provision of banking, insurance and investment products and services to retail, commercial, corporate and public sector customers. 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 Operating Officer & Executive Director

Chief Financial Officer

Chief Risk Officer

Chief Digital Officer

Head, Social Investing

Head, Investor Relations

Head, Group Organizational Development & Human Capital

Group Treasurer

Chief Executive Officer, WesBank

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Owners & Shareholders
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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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Allan Gray seeks to buy shares that are undervalued and sell them when the firm thinks they have reached their worth, regardless of popular opinion. As an active and value-oriented manager, they aim to deliver superior long-term performance at lower levels of risk by making investment decisions based upon proprietary, fundamental research. 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.

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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.

Recent Transactions
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FirstRand Ltd., First National Bank Ghana Ltd. purchase GHL Bank Ltd. from Abraaj Capital Ltd.

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

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

Transaction Advisors
Investment Advisor

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

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 Ltd

Legal Advisor

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

Director

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

Legal Advisor

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

Advisors & Consultants
Legal Advisor

Partner at DLA Piper

Advisor

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

Key Stats and Financials As of 2020
Market Capitalization
$17.3B
Total Enterprise Value
$13B
Earnings Per Share
$0.17
Debt TEV
0.27x
TEVNet Income
12.4x
Enterprise Value / Sales
1.35x
Three Year Compounded Annual Growth Rate Of Revenue
11.37%
Revenue
$9.64B
Total Equity
$8.41B
Net Profit
$1.05B
Total Debt
$3.47B
Five Year Compounded Annual Growth Rate Of Revenue
14.08%
Investments
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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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Allied Electronics Corp. Ltd. Wireless Telecommunications | Gauteng, South Africa

Allied Electronics is a small order, high service level distributor of electronic components and electromechanical products with over 50 sales offices across the United States and Canada. America's Distributor of Choice Originally established as the radio parts distribution arm of Columbia Radio Corporation in 1928, Allied Electronics has built an enviable reputation as a distributor of electronic components over the years. Now, as a subsidiary of Electrocomponents plc (LSE: ECM), Allied has added a global presence to its customer orientation. Excellent service combined with 99.9% order and shipping accuracy delivers a powerful supply chain solution to meet customer demands. Personal Expertise Allied understands that customers are more than an account number – they are people first and customers second. Allied maintains over 50 sales offices across the United States and Canada to offer personal expertise from a local, dedicated account manager to customers. The Allied web site, alliedelec.com, offers over 2 million products and is a powerful tool for any engineer or purchaser. Allied distributes catalogs at no cost to customers that prefer to use both print and the web. Product Solutions With more than 2 million parts online and more than 110,000 products featured in the Allied catalog, engineers and purchasers often look to Allied for prototyping due to its broad range of product solutions from over 300 world-class suppliers. Allied’s relationships with suppliers are a key strength in maintaining high standards of product availability. The breadth of product offering means that Allied is able to provide product solutions to a wide range of customers from all areas of industry and commerce. Allied Electronics Operations Allied ships from its centrally located 357,000 square foot distribution center in Fort Worth, Texas and currently stocks over 165,000 SKUs. The distribution center uses RF technology to accommodate paperless pick and put-away processes. The streamlined system allows for same day shipping on orders placed up to 10:00 pm ET

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