Tax considerations are unique to each holding company’s circumstances and depend on various factors, such as its legal domicile, ownership stakes in investments, and chosen modes of disposal. FirstRand executes its strategy through a portfolio of leading financial services franchises; Rand Merchant Bank (RMB), the corporate and investment bank; First National Bank (FNB), the retail and commercial bank; WesBank, an instalment finance provider; and Ashburton Investments, the group's asset management business. Richemont at a glance Richemont at a glance. Låg… [5], FirstRand is listed as a "locally controlled bank" by the South African Reserve Bank, the national banking regulator. Infrastructure initiatives allowed the business to successfully commercialise fibre into the Lower LSM areas under the Reach product offering and it successfully launched its Reach pre-paid platform. He owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of … DFA achieved a level 2 BBBEE rating for the year. The company continues to expand and grow business in the Enterprise and Service Provider market offering national long haul, metro and last-mile fibre solutions to customers, providing high-capacity Internet, Metro Ethernet and cloud services. The advances book has been carefully assessed to ensure that adequate provisions are in place to cover loans where security values may have been compromised due to Covid-19. The largest component of revenue is vessel revenue. Focus areas include education, safety, environment and healthcare. The Road transportation businesses continued to be impacted by a highly competitive and declining volume market, and exposure to reduced economic growth in South Africa. CIVH has a March year-end and therefore its results for the 12 months ended 31 March 2020 have been included in Remgro’s results for the year under review. PROFILE: Grindrod Shipping is a shipping service provider and owns a fleet of freight ships. SEACOM provides high-capacity international and local bandwidth services to customers in the form of International Private Line, IP Transit, Internet access and cloud services. Registered address The Summit 269, 16th Road, Randjespark, Midrand, 1685 . DFA group revenue for the financial year ended 31 March 2020 increased by 5% year on year to R2 465 million (2019: R2 349 million), as its annuity income grew to in excess of R179 million per month at 31 March 2020 (31 March 2019: R159 million), with the majority thereof from long-term contracts with customers. Gross profit increased by $3.0 million, or 50.8%, from $5.9 million for the six months ended 30 June 2019 to $8.9 million for the six months ended 30 June 2020. It builds, installs, manages and maintains a fibre network to transmit metro and long haul telecommunications traffic, which is leased to its customers (Telecommunication Companies and Internet Service Providers (ISPs)) using an open access wholesale commercial model. We treasure our colleagues Work for a luxury company that cares about its colleagues and invests in their future. Listed on the JSE and the Namibian Stock Exchange, FirstRand Limited is one of the largest financial institutions in South Africa, and provides banking, insurance and investment products and services to retail, commercial, corporate and public sector customers. Momentum changed its name to FirstRand Limited and was listed on the Johannesburg Stock Exchange on May 25, 1998 with Anglo American and RMB Holdings holding 20.43% and 25.03% of the authorized capital of FirstRand respectively. Our brand research shows us that the calibre of our people is the Air Products difference. Grindrod Bank continues to operate cautiously during this time, ensuring it remains compliant on its liquidity cover and capital adequacy ratios. Remgro is an investment holding company. The company’s contribution to Remgro’s headline earnings for the year under review amounted to a loss of R12 million (2019: a loss of R72 million). The group has its headquarters in Johannesburg, South Africa. All rights reserved. Det innebär att avkastningen kan variera kraftigt mellan åren. We think beyond today Want to join a digital luxury company that is forward-thinking? Continuing operations generated headline earnings amounting to R23 million for the first half of 2020, compared to R165 million in 2019. Compagnie Financière Richemont SA, also known as Richemont, is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert.Through its various subsidiaries, Richemont produces and sells jewellery, watches, leather goods, pens, firearms, clothing and accessories. PROFILE: Pembani Remgro Infrastructure Managers Proprietary Limited (PRIMCO) is the advisor to Pembani Remgro Infrastructure Fund I (PRIF), a fund focusing on private sector investment in infrastructure across the African continent. Revenue was flat with a slight decrease from $167.2 million for the six months ended 30 June 2019 to $167.1 million for the six months ended 30 June 2020. FirstRand Bank has branches in London, Guernsey and India. FirstRand International (Mauritius) – 100% Shareholding –, First National Bank Botswana Limited – 69% Shareholding –, First National Bank of Ghana Limited – 100% Shareholding –, First National Bank Lesotho Limited – 100% Shareholding –, First National Bank Mozambique Limited – 90% Shareholding –, First National Bank Namibia Limited – 58% Shareholding – Namibia – A commercial bank providing retail and corporate banking. In addition to driving uptake on the current deployed infrastructure, key focus areas in the year included the extension of its Active Ethernet and Gigabit Passive Optic Network (GPON) in Ekurhuleni and Cape Town while creating expansion capability into new Reach areas such as Mitchells Plain, Vosloorus and Soweto. At Richemont, we believe in creating a diverse and inclusive work environment. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The company’s contribution to Remgro’s headline earnings for the year under review amounted to a loss of R46 million (2019: R65 million loss). 1→ RMB Holdings large shareholders include Directors and management of RMBH with 10.4%, Remgro with 28.2% shareholding in RMBH and Royal Bafokeng Holdings with a 15% stake in RMBH. The network uptime for the year under review was 99.985%, and mean time to repair was less than 2.5 hours, well above industry standards. These financial services interests were First National Bank Holdings, Momentum Life Assurers Limited ("Momentum" now part of MMI Holdings) and the Southern Life Association Limited ("Southern Life") all of which were listed on the JSE. Its major shareholders include:[15]. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont, the company is best known for the brands Cartier and Montblanc. Invenfin is the venture and growth capital division of Remgro, E-mail Disclaimer | Disclaimer | PAIA | Site Map, Key objectives and principal integrated risks. The FirstRand group's history traces back to the 1970s as an investment bank. CIVH’s contribution to Remgro’s headline earnings for the year under review amounted to a loss of R649 million compared to a headline loss incurred of R204 million in the prior year. PROFILE: CIVH is active in the telecommunications and information technology sectors. PROFILE: SEACOM provides high-capacity local and international fibre-optic connectivity, internet and cloud services to the wholesale and enterprise markets in Southern and East Africa. Tax regulations can be amended, which can change the discount applicable to a holding company. 2→ Based on its direct and indirect shareholding in FirstRand, Remgro's effective control of the group is 13.36%, "South African Registered Banks and Representative Offices – South African Reserve Bank", "Africa: Sixteen Local Banks in Africa's Top 100", "FirstRand – Abridged Revised Listing Particulars", "Anglo American disposes of its remaining stake in FirstRand", List of Licensed Financial Institutions In South Africa, "| South Africa's First National Bank (FNB) To Start Operations in Zambia …", "FirstRand – Analysis of financial results", "FirstRand Bank – Analysis of financial results", "Banking & Savings Accounts: Aldermore Bank Financial Solutions", http://www.firstrand.co.za/13/ownership-and-operating-structure/, "AWARD WINNERS 2016 | Global Brands Magazine", Land and Agricultural Development Bank of South Africa, https://en.wikipedia.org/w/index.php?title=First_Rand&oldid=997390046, Financial services companies established in 1998, Companies listed on the Johannesburg Stock Exchange, South African companies established in 1998, Creative Commons Attribution-ShareAlike License. Company tel 011 265-3000 Grindrod Bank is the second business unit in the Grindrod group. rural school connectivity remain DFA’s ongoing key focus of CSI, so that it is able to bridge the digital divide in high poverty areas. DFA is the premier open-access fibre infrastructure and connectivity provider in South Africa. Lending, transactional services, investments, , insurance, US$93 billion (ZAR:1217.7 billion) (2017), Institutional and Private Investors on the. Critical gaps in infrastructure development e.g. Held through First National Bank Namibia giving the group overall control of 30%. The future value of the current annuity contracts (excluding orders) is in excess of R11.6 billion. In addition to South Africa, the group operates in eight key African countries, namely, Botswana, Namibia, Swaziland, Lesotho, Zambia, Mozambique, Tanzania, Ghana and Nigeria. COMPANY & MARKET DATA: ... RENAISSANCE SHOWCASE: USER PROFILE: RESEARCH PARTNERS Ilan Stermer Financials (Russian Federation / South Africa / Georgia / Kazakhstan) Email: Phone: +44 (207) 005-7860 ... Absa Group, FirstRand, Nedbank, Standard Bank, Remgro, Reinet, Capitec , … [9], FirstRand Group holds its investments through five main subsidiaries. The company is also OHSAS 18001 (Occupational Health & Safety Management), ISO 14001 (Environmental Management) and ISO/FSSC 22000 (Food Safety Management) certified.
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