debt investors
terms of use
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These terms and conditions shall be subject to and governed by the laws of the Republic of South Africa. The courts of the Republic of South Africa will have jurisdiction to settle any disputes that may arise in connection with these terms and conditions.
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Investors

Trustees

Sizwe Nxasana

Chairman BCom, BCompt (Hons, CA(SA))

HOWARD ARRAND

FNB fund chairman BA (Psychology), CAIB, AEP

PETER COOPER

BCcom (Hons), HDip Tax, CA(SA)

JANET DU PREEZ

Diploma Social Work, MA (Public Policy and Development)

ELIZABETH MAEPA

BCOM, CAIB

SEBENZILE MATSEBULA

BSc (Biostatistics), MSc (Biometrics)

KELEBOGILE MAZWAI

WesBank fund chairman

CHRIS MKHIZE

BA (Hons), Advanced Diploma in Public Administration

MAMOKGETHI SETATI

PhD (Mathematics Education)

CAROLYNNE WATERHOUSE2

RMB fund chairman BSoc Sc, Marketing Management Diploma

Trustees

Nolulamo Nobambiswano
Gwagwa

Chairman BCom, BCompt (Hons, CA(SA))

Zwoitwaho Calvin Nevhutalu

M. Phil (Environmental law and management, environmental law and management)

Oren Fuchs

BA, Economics / Political Science, MSc(DP), Planning, Certificate (Finance), Finance / nvestments / Accounting, Distinction with Honours, Impact Investing, Executive Education, mpact Investing

Sizwe Errol Nxasana

BCom, BCompt (Hons), CA(SA

Elizabeth Maepa

BCom, Business/Commerce, General, Managing Marketing & Related Support Services

Amanda Tandi Nzimande

(APPOINTED NOT ON LOA) BCom, CTA, CA(SA), HDip Co Law

Mary Vilakazi

(APPOINTED NOT ON LOA) BCom (Hons), CA(SA)

Bongiwe Njobe

(APPOINTED NOT ON LOA) MSc and GCE O Level

Trustees

Nolulamo Nobambiswano Gwagwa

BA, MTRP, MSc, PhD

Zwoitwaho Calvin Nevhutalu

M. Phil (Environmental law and management, environmental law and management)

Oren Fuchs

BA, Economics / Political Science, MSc(DP), Planning, Certificate (Finance), Finance / nvestments / Accounting, Distinction with Honours, Impact Investing, Executive Education, mpact Investing

Sizwe Errol Nxasana

BCom, BCompt (Hons), CA(SA

Elizabeth Maepa

BCom, Business/Commerce, General, Managing Marketing & Related Support Services

Amanda Tandi Nzimande

(APPOINTED NOT ON LOA) BCom, CTA, CA(SA), HDip Co Law

Mary Vilakazi

(APPOINTED NOT ON LOA) BCom (Hons), CA(SA)

Bongiwe Njobe

(APPOINTED NOT ON LOA) MSc and GCE O Level

securitisations

Securitisation is the process whereby assets (such as illiquid loans and other receivables) are packaged, underwritten and sold in the form of asset-backed securities to investors. It enables the group to access funding markets at ratings that are typically better than its own corporate credit rating. This generally provides access to broader funding sources at more favourable rates. The removal of the assets and supporting funding from the balance sheet enables the group to reduce the cost of on-balance sheet financing and to manage potential asset-liability mismatches and credit concentrations.

FirstRand uses securitisation primarily as a funding tool. The ability to securitise assets depends on the availability of eligible assets, investor appetite for securitisation paper and the availability of alternative funding sources. All assets on the group’s balance sheet are considered possible exposures that could be securitised within market constraints. The group obtains the required internal and external approvals for any proposed transactions.

For more information on how the group manages securitisation, refer the group's Pillar 3 report.

Click here

Click on the links below for more information on the group’s current securitisation transactions.

Lehae programme
Lehae 1

Nitro programme
Nitro Programme (RF) Limited

Aldermore
Oak 4