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FirstRand Ltd (FST.NM)

FST.NM on Namibian Stock Exchange

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Latest Key Developments (Source: Significant Developments)

RMB says completes internal group restructure
Wednesday, 14 Jun 2017 09:05am EDT 

June 14 (Reuters) - RMB Holdings Ltd::Completed internal group restructure in terms of which, inter alia, an asset holding entity and treasury entity have been created within group.  Full Article

Firstrand says HY headline EPS 211.5 cents vs. 185.4 cents
Thursday, 9 Mar 2017 01:25am EST 

Firstrand Ltd - : HY basic headline earnings per share 211.5 cents versus 185.4 cents . Group is exploring strategic options to protect its counterparty status . Expects economic growth to pick up slightly in 2017, although unlikely to provide significant support to topline growth for some time . Group aims to deliver real growth in earnings and an ROE of between 18-22 pct .Declared a gross cash dividend totalling 119 cents per ordinary share out of income reserves for six months ended Dec. 31 2016.  Full Article

S. Africa Competition Tribunal approves Firstrand acquisition of MMI's property letting enterprise
Wednesday, 15 Jun 2016 09:34am EDT 

S. Africa's Competition Tribunal : Approved without conditions merger that will see Firstrand Bank acquire property letting enterprise from MMI Group (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

S. Africa's Competition Tribunal approves Firstrand Life-MMI Group deal
Wednesday, 18 May 2016 08:57am EDT 

Competition Tribunal : Approved without conditions Firstrand Life deal to acquire part of long-term insurance policy book of MMI Group . Approved without conditions merger whereby Petra Diamonds unit, Ekapa Minerals and Super Stone Mining formed JV (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

UPDATE 1-South Africa's FirstRand profit falls short of forecasts

JOHANNESBURG, Sept 7 South African bank FirstRand's annual profit fell short of expectations as a weak economy at home hit both investment and consumer spending.