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  September 5, 2001
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Home > Company Index > Banking > Banking - Latin America, Middle East & Africa > FirstRand Limited

FirstRand Limited
 PROFILE
FirstRand knows about banking and insurance firsthand. The holding company's FirstRand Bank Holdings (about 75% of sales) offers investment banking, merchant banking, and trust services, and also operates regional retail banks in southern Africa. FirstRand Insurance includes firms that sell life insurance and provide investment management services and employee benefits. FirstRand was formed in 1998 when Rand Merchant Bank Holdings (RMBH) and mining company Anglo American Corporation merged their financial services operations; RMBH holds 33%, tobacco and holding company Rembrandt Group 17%, and Anglo American 5%.

 COMPETITION
Standard Bank Investment Corporation Limited (SBC)
Standard Chartered PLC (STAN)

 FINANCIAL OVERVIEW
Fiscal Year-End: June
1999 Sales (mil.): 4,218.50
1-Yr. Sales Growth: 337.9%

 KEY PEOPLE
• Lauritz L. Dippenaar
    CEO
• Adrian Arnott
    CFO

 CONTACT INFO
1 Merchant Place, 17th Fl.
Sandton 2196, South Africa
Phone: 27-11-282-1808
Fax: 27-11-282-8065
Online: Web Site

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