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LATEST NEWS FOR FirstRand Ltd.  

FirstRand Ltd. is a public company and registered bank controlling company with a primary listing on the Johannesburg Stock Exchange Ltd. (JSE) (under Financial - Banks, share code: FSR) and a secondary listing on the Namibian Stock Exchange (NSX) (s... [more info]

Busy week for SA Inc

3 May 2021 /  Ann Crotty   3
Nerve-wracking time for Tongaat, banking issues at Ayo, another pot of gold for African Rainbow and a ‘revolt’ at Glencore.

SA stocks set for best monthly winning streak since 2014

30 Apr 2021 /  Adelaide Changole, Bloomberg  
A weaker rand pulled banks, insurers and retailers lower, countering gains in local market heavyweights Richemont and Naspers.

Black representation in banking increased across all management levels – report

29 Apr 2021 /  Nompu Siziiba  
Khulekani Mathe - Head: Financial Inclusion, Banking Association South Africa

FirstRand cuts presence in India

22 Apr 2021 /  Roxanne Henderson, Bloomberg    1
But won’t exit.

South Africa’s private wealth plunges

21 Apr 2021 /  Suren Naidoo   23
Africa Wealth Report 2021 estimates around 4 200 millionaires left SA over the past decade, but the depreciating rand and Covid-19 fall-out are also to blame.

Banks’ tax-free cash account interest rates compared

16 Apr 2021 /  Moneyweb   22
Two banks beat all others hands down.

FNB terminates Ayo’s banking facilities

15 Apr 2021 /  Duncan McLeod   8
Seemingly without 'valid reason'.

Working from home? Here’s what you can claim from Sars

14 Apr 2021 /  Simon Brown  
Martin Smith from Anchor Capital on Capitec results. Elani van der Westhuizen from TaxTim on the tax implications of WFH. Phoevos Pouroulis of Tharisa on the company's production update as rains hamper production.

Reserve Bank sends strong signal rate-cutting cycle is over

26 Mar 2021 /  Suren Naidoo   5
And touts possible increase as early as the second quarter of this year.

Banking profits plunged by R50bn in 2020

23 Mar 2021 /  Adriaan Kruger   8
Largely due to the sharp increase in provisions for bad debts.

Mixed bag of bank results

18 Mar 2021 /  Simon Brown  
Mia Kruger of Kruger International on investment opportunities as the economy reopens. Libstar CFO Charl de Villiers unpacks the company's results as the retail channel jumps higher. Kokkie Kooyman from Denker Capital reviews the big four banks' results.

Economy probably contracted by 7% last year

8 Mar 2021 /  Adriaan Kruger   10
Economists expect further recovery in the final quarter of 2020 to be announced on Tuesday, but it will take years to reach pre-Covid levels.

Strong rebound for FirstRand

5 Mar 2021 /  Moneyweb  
But some customers require extended payment relief, with R10bn in retail loan relief rolled over since September.

Santam sees up to R5.3bn in business interruption insurance claims

4 Mar 2021 /  Nompu Siziba   1
Despite a tough year, the short-term insurer managed to up its gross written premiums by 7%: Hennie Nel – CFO, Santam.

Momentum braces for third spike in infections; may need to up provisions

4 Mar 2021 /  Nompu Siziba   2
‘January and February had very high Covid claims’ - Risto Ketola, group finance director at Momentum Metropolitan Holdings.

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