progress on strategy


firstrand’s vision is to be the african financial services group of choice, creating long-term franchise value and delivering superior and sustainable economic returns to our shareholders within acceptable levels of volatility


This vision is driven through two clear growth strategies: 

become a leading South African player focusing on both existing markets and those markets where we are currently under-represented; and

further grow our existing African franchise, targeting those markets that are expected to produce above average domestic growth and are strongly positioned to benefit from the trade and investment flows between Africa and Asia, particularly China and India.


We execute these strategies through our operating franchises, namely, FNB, RMB and WesBank.

The press releases below indicate progress made on this strategy, both in South Africa and Africa:


RMB's growth strategy in Kenya supported by opening of FirstRand representative office- 2 May 2012
FNB commences retail and commercial operations in India - 23 April 2012
FNB Zambia launches Makeni branch - 29 March 2012
FNB puts Apple iPads and smartphones in the hands of their customers - 19 October 2011
FNB sees lending success in the mainstream market - 13 October 2011
R1 billion sent via FNB's eWallet - 05 October 2011
RMB opens in Namibia - 15 September 2011 (PDF)
FNB commences operations in Tanzania - 27 July 2011
FNB rolls out 100th low-cost banking branch - 28 June 2011
FNB sees mobile banking growth in Africa - 20 June 2011
South Africa’s Rand Merchant Bank and JM Financial sign MoU on strategic co-operation - 3 June 2010 (PDF)