The Group

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

ownership and legal structure

Simplified legal structure

Ownership structure

The table below provides an analysis of FirstRand's ordinary shareholders as at 30 June 2024.

  Number of
shareholders		 Shares held
(thousands)		 %
Major shareholders    
Public Investment Corporation 821 933 14.7
BEE partners* 274 346 4.9
Blackrock Investment Management 172 694 3.1
Old Mutual 155 041 2.8
Total 1 660 793 25.5
Public and non-public shareholders    
Public 92 386 5 086 912 90.7
Non-public    
- Corporates (Royal Bafokeng Holdings and Remgro)** 5 236 779 4.2
- Directors and prescribed officers# 15 11 451 0.2
- BEE partners* 7 274 346 4.9
Total 92 413 5 609 488 100.0
Geographic ownership    
South Africa 2 970 065 52.9
International 1 816 745 32.4
Unknown/unanalysed 822 678 14.7
Total 5 609 488 100.0
  • BEE partners include FirstRand Empowerment Trust, FirstRand Staff Assistance Trust, MIC Investment Holdings, Mineworkers Investment Trust, Kagiso Charitable Trust, 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.