Company profile

International strategy and footprint

Africa is the primary focus and FirstRand will leverage off its position in India and other markets to provide support to its strategy in Africa.

“Greenfields” remains FirstRand’s primary entry approach. However the Group will consider corporate action and the acquisition of appropriate operating platforms in order to accelerate the international expansion strategy.

From an operational perspective the Group will leverage off existing operating platforms in Africa such as client bases, balance sheet, infrastructure, systems and products and services. FNB will be the primary platform for banking in Africa, with WesBank and RMB utilising the platform when appropriate. However, there may be jurisdictions where a different operating platform will provide better opportunities, therefore the Group will remain flexible in its approach.