| FirstRand leaders honoured 19/11/1999 |
FIRSTRAND’S three senior executives and joint-founders of Rand Merchant Bank were last night (Thurs Nov 18) honoured with the annual Entrepreneurial Leadership Award presented by the Henley Business School MBA programme.
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| Financial mergers? 09/11/1999 |
JUST how much value can be unlocked through a merger of financial service companies and how long will it take? The questions are once again top of mind as major banks check their merger options.
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| FirstRand bank uprated by S&P 05/11/1999 |
FirstRand Bank’s rating have received a boost from influential ratings agency Standard and Poor’s.
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| FirstRand insurance and capital alliance announce formation of first joint general agency 28/10/1999 |
FirstRand Insurance and Capital Alliance have agreed in principle to pursue a joint venture to form the first general agency force in South Africa.
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| FirstRand looks to strenghten its position in short-term insurance 01/10/1999 |
Laurie Dippenaar, CEO of FirstRand Limited, announced that the FirstRand board has initiated investigations into the feasibility of a merger between direct short-term insurer, OUTsurance and First National Insurance (“FNI”).
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| The FirstRand group has announced further changes to its structure. 22/09/1999 |
The latest changes formalised the structure and capital requirements of the Group envisaged at the time of the merger.
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| FirstRand delivers rousing performance 21/09/1999 |
FirstRand Ltd has delivered a rousing performance in its first full year of trading with headline earnings per share climbing a highly respectable 65% to 45.6 cents compared to 27.6 cents in 1998.
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| FirstRand rationalises asset management brands 13/09/1999 |
The FirstRand Group currently provides fund management services to institutional clients
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| FirstRand divisions form “billionaires” club 01/09/1999 |
FINANCIAL services group FirstRand has a team of billionaires among its operational divisions, according to figures released today 31 August 1999 that confirm significant marketplace success for products and services as diverse as investment management and health insurance.
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| Discovery to list, but 19/07/1999 |
Discovery Health, the country’s first specialist healthcare financing company, was launched in 1992 as a start up operation making use of a dormant insurance license held by RMB Holdings. It was capitalised then with just R10 million. Seven years from its launch, total revenue now exceeds R2 billion per annum and the company covers over 500 000 lives from 40 000 companies.
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| Release for FirstRand 01/07/1999 |
FirstRand, the group created by the merger of Rand Merchant Bank and First National Bank, launched its new business philosophy on June 30, with an intensive internal and external campaign to highlight the focus on creating a unique company drawing on the strength of a large entity while maintaining an entrepreneurial focus in each of its business units.
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