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
ownership and legal structure
Simplified legal structure
Ownership structure
The table below provides an analysis of FirstRand's ordinary shareholders as at 30 June 2023.
| Number of shareholders |
Shares held (thousands) |
% | |
|---|---|---|---|
| Major shareholders | |||
| Public Investment Corporation | 905 840 | 16.1 | |
| Royal Bafokeng Holdings | 166 826 | 3.0 | |
| Remgro Limited (Remgro) | 99 467 | 1.8 | |
| BEE partners* | 274 346 | 4.9 | |
| Subtotal | 1 446 479 | 25.8 | |
| Other | 4 163 009 | 74.2 | |
| Total | 5 609 488 | 100.0 | |
| Shareholder type | |||
| Corporates (Royal Bafokeng Holdings and Remgro) | 266 292 | 4.7 | |
| Pension funds | 1 318 731 | 23.5 | |
| Insurance companies and banks | 271 803 | 4.9 | |
| Unit trusts | 1 852 464 | 33.0 | |
| Individuals | 239 146 | 4.3 | |
| BEE partners* | 274 346 | 4.9 | |
| Other | 1 386 706 | 24.7 | |
| Total | 5 609 488 | 100.0 | |
| Public and non-public shareholders | |||
| Public | 95 764 | 5 058 952 | 90.2 |
| Non-public | |||
| - Corporates (Royal Bafokeng Holdings and Remgro)** | 5 | 266 292 | 4.7 |
| - Directors and prescribed officers# | 15 | 9 898 | 0.2 |
| - BEE partners* | 7 | 274 346 | 4.9 |
| Total | 95 791 | 5 609 488 | 100.0 |
| Geographic ownership | |||
| South Africa | 2 928 270 | 52.2 | |
| International | 1 928 628 | 34.4 | |
| Unknown/unanalysed | 752 590 | 13.4 | |
| Total | 5 609 488 | 100.0 |
- Include FirstRand Empowerment Trust, FirstRand Staff Assistance Trust, MIC Investment Holdings, Mineworkers Investment Trust, Kagiso Charitable Trust, WDB Trust No 2 and WDB Investment Holdings.
- The group has two corporate shareholders (Royal Bafokeng Holdings and Remgro), which hold their FirstRand shares in multiple accounts (four in total).
- Reflect direct beneficial ownership.