South Africa’s most valuable bank to get rid of UK business after R17 billion hit
FirstRand is looking to exit the UK following an investigation into motor lending in the country, with its UK business set to pay huge amounts in penalties.
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FNB CEO calls it quits
FNB CEO Harry Kellan is taking early retirement, as the FirstRand group looks to simplify its businesses in a large restructuring
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Central Energy Fund | economic growth | FATF grey list | First National Bank | FirstRand | South Africa
SA’s best economic start in a decade under threat – FNB
CEO Harry Kellan says the economy will be hit in the short term but will recover over time.
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FNB, RMB and WesBank ‘did what they promised’ – FirstRand CEO
CEO Mary Vilakazi discusses the group’s interims, non-performing loans improving, interest rate expectations, SA’s need for structural reforms and the Sarb’s proposed repo rate review.
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Results out of FirstRand and Implats, saying goodbye to Showmax, and a local mocktail business
This evening we dive into the latest market movements with Sanlam Private Wealth, we speak to executives from FirstRand and Impala Platinum to disucss their respective results, Reach Africa disucsses MultiChoice’s decision to end Showmax and what this means for streaming. Standard Bank looks at the business of Sport, and we speak to La Cabonada,…
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Major South African bank buys a slice of Dubai
FirstRand, the owner of FNB and RMB, is offering good value to investors, with the company set to grow in the digital banking space after buying a slice of Dubai-based Optasia.
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Global fintech backed by Michael Jordaan will launch with R23.5-billion market cap
Optasia closed at an ordinary share price of R19.00 on 30 October 2025 and says trading is expected to commence on 4 November.
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South African bank buys big stake in Dubai business
FirstRand has acquired a 20% stake in Optasia, with the hope that FNB will be able to use the platform to acquire new customers.
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South African bank buys big stake in R17-billion company backed by Michael Jordaan
FirstRand has announced that it has agreed to acquire 20.1% of Optasia, a global financial technology company that is busy listing on the JSE.
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Capitec is different
South Africa’s fastest-growing listed bank, Capitec, has set itself apart from the traditional Big Four in many more ways than simply offering low-fee bank accounts.