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Listed on the JSE and the Namibian Stock Exchange,
FirstRand Limited is an integrated financial services group
providing a comprehensive range of products and services to the
South African market and niche products in certain international
markets. FirstRand Limited is one of the
largest financial services groups in South Africa
by market capitalisation.

Since the creation of FirstRand in 1998, the diversified earnings
base of the Group has delivered a strong track record.
This has been achieved through a combination of organic growth,
acquisitions, innovation and creating extra sources of revenue
through the start-up and development of completely
new businesses.

The Group is differentiated by its portfolio branding strategy and
there are a number of leading financial services franchises within
the Group, such as Rand Merchant Bank (“RMB”),
First National Bank (“FNB”), WesBank, Momentum
and OUTsurance.



Market capitalisation as at 30 June 2009 was R79.3 billion
(2008: R75.0 billion)



FirstRand employs 42 783 people, 39 177 in South Africa,
3 239 in the rest of Africa and 367 in other countries.

 

THE GROUP’S STRATEGIC OBJECTIVES

  • Committed to unlocking the benefits of the integrated financial services strategy
  • Consolidate its position as a leading African financial services group
  • Achieve the appropriate balance between client driven activities and proprietary
    trading or investment businesses
  • Improve quality of earnings and reduce volatility

RE-FOCUSED INTERNATIONAL STRATEGY

  • Operate in markets that strengthen the Group’s position as a leading African
    financial services group
  • Focus on Africa and key African-Asian corridors

    - FirstRand India as the bank of choice for Indian entities seeking to
      do business in SADEC and the greater African region

    - China Construction Bank strategic agreement provides strong support
       to investment banking activities in Africa
  • In the medium to long term consider expanding into selected markets
    on the other side of trade corridors where a competitive advantage exists
  • Utilise the London branch & Middle East presence as sources of capital,
    funding and deal origination