20 февраля, 03:16

South Africa ETFs in Focus as Zuma Resigns

South Africa stocks rally as President Jacob Zuma resigns.

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06 ноября 2017, 15:17

Aldermore board recommends £1.1bn FirstRand deal

South African group’s takeover of UK challenger bank puts focus on consolidation

06 ноября 2017, 14:32

Aldermore agrees takeover by South Africa's FirstRand

The UK challenger bank is to be sold to South Africa's FirstRand, if shareholders approve the deal.

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13 октября 2017, 17:23

Aldermore in talks over possible bid from FirstRand

South African financial services group shows early stage interest in £1.1bn takeover

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13 октября 2017, 16:16

Challenger bank Aldermore in talks with FirstRand

South African group looking at takeover bid of 313p per share

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08 апреля 2016, 19:17

Zuma’s son to sell stakes in mining firm

South African President Jacob Zuma’s son, Duduzane, will sell his investments in a mining firm owned by friends of his father amid speculation that the wealthy Indian-born family is wielding undue influence

26 июня 2015, 19:15

South Africa stocks lower at close of trade; FTSE/JSE Top 40 down 0.43%

South Africa stocks were lower after the close on Friday, as losses in the Other Mineral Extractors, Resources and Mining sectors led shares lower. At the close in Johannesburg, the FTSE/JSE Top 40 declined 0.43%. The best performers of the session on the FTSE/JSE Top 40 were Capital&Counti (JO:CCOJ), which rose 1.86% or 155.00 points to trade at 8480.00 at the close. Meanwhile, SABMiller PLC (JO:SABJ) added 1.18% or 770 points to end at 66070 and Compagnie Financiere Richemont SA (JO:CFRJ) was up 0.95% or 97 points to 10297 in late trade. The worst performers of the session were MTN Group Ltd (JO:MTNJ), which fell 2.25% or 518 points to trade at 22500 at the close. Firstrand Ltd (JO:FSRJ) declined 2.24% or 122 points to end at 5354 and Sanlam Ltd (JO:SLMJ) was down 1.98% or 137 points to 6868. Rising stocks outnumbered declining ones on the Johannesburg Stock Exchange by 126 to 122 and 14 ended unchanged. Shares in Capital&Counti (JO:CCOJ) rose to all time highs; up 1.86% or 155.00 to 8480.00. Crude oil for August delivery was down 0.39% or 0.23 to $59.47 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.04% or 0.03 to hit $63.17 a barrel, while the August Gold contract rose 0.05% or 0.60 to trade at $1172.40 a troy ounce. USD/ZAR was up 0.89% to 12.2149, while EUR/ZAR rose 0.32% to 13.6151. The US Dollar Index was up 0.42% at 95.77.

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22 июня 2015, 13:43

BRIEF-Firstrand's Wesbank and Hollard to provide motor insurance products

* Firstrand's Wesbank joins forces with Hollard to provide insurance related products to motor market

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09 сентября 2014, 11:58

ЮАР: годовая прибыль FirstRand выросла на 24%

Крупнейший по величине в ЮАР банк FirstRand зафиксировал 24%-ный рост годовой прибыли. Так, чистая прибыль за 12 месяцев с окончанием в июне увеличилась с 14,8 млрд рэндов годом ранее до 18,4 млрд рэндов ($1,7 млрд). При этом прибыль без учета разовых статей за рассматриваемый период выросла на 22% до 3,36 рэнда на акцию, в то время как аналиткии в среднем прогнозировали 3,2 рэнда на бумагу.

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31 августа 2014, 18:45

Текст: Южноафриканский банк выпустил облигацию, деноминированную в крюгеррандах ( Zero Hedge )

Источник 22.08.2014 Три дня назад южноафриканский Rand Merchant Bank (RMB), подразделение FirstRand Bank Limited, сделал историческое заявление об эмиссии золотой облигации FirstRand Gold Bond, деноминированной в южноафриканских золотых крюгеррандах. Иными словами, за «владение золотом» впервые будет приносить дивиденды или, в этом случае, - проценты. Звучит странно? Возможно потому что это действительно странно. Вот заявление Фондовой биржи Йоханнесбурга: Срок погашения золотой облигации (

22 августа 2014, 21:57

As South Africa Reels From Unexpected Bailout, One Bank Has A Modest Proposal: Give Us Your Gold

In a historic first, three days ago, South Africa's Rand Merchant Bank, a division of FirstRand Bank Limited, announced it would issue the FirstRand Gold Bond, or a bond denominated in South African Krugerrand gold coins. In other words, for the first time "holding" gold will pay a dividend (or in this case, interest). Sound odd? Maybe because it is. Here is the statement from the Johannesburg Stock Exchange: The Gold Bond has a term of five years and the first issue amounts to R2 billion. It requires investors to buy Krugerrands, which they then lend to FirstRand when purchasing the bond. At its expiry the value of the bond is determined by the current gold price, the Dollar/Rand exchange rate and the interest earned. This interest is calculated in terms of ounces of gold as represented by Krugerrands. Investors may take physical delivery of the Krugerrands on maturity or opt to get settled in cash. Or they may end up with nothing if the bank is "suddenly" found to be insolvent. The marketing pitch is clear: have your gold and collect interest on it: "The notes provide direct exposure to the rand gold price and a positive yield in the form of interest ounces payable on maturity. It offers both inflation and rand/dollar exchange rate protection while avoiding the significant storage and administration costs associated with other direct gold investment options available. Current market conditions are particularly attractive for gold investment because of rand/dollar weakness and expectations of higher inflation," says RMB Debt Capital Markets co-head Dale Wood.   Investors may not hold gold in unwrought form according to South African law; however they still need to pay for the administrative costs associated with holding and storing gold when they invest in products which track the price of gold. These costs are eliminated by the Gold Bond because investors earn a yield on the bond instead of paying fees. Investors can also opt to take physical delivery of the underlying gold because it is in the form of Krugerrands which are legal tender in South Africa. "Investors also benefit as they are able to buy and sell the Gold Bonds on the JSE, with RMB acting as a market facilitator to ensure liquidity and price transparency of the notes," says Wood. In an attempt to get as many possible investors, the issuer has made the smallest bond denomination anyone can participate in this once in a lifetime opportunity to collect 0.5% per year for their gold: "Investors can also get a Gold Bond note with a single Kruger rand, which means that retail investors can use it to gain exposure to the gold price. Investors who already own Krugerrands can use the Gold Bond to achieve the same exposure to the gold price they would have enjoyed when physically holding Krugerrand coins, while also earning interest on the bond." So is this truly a can't miss opportunity for institutions and, better yet, retail investors? It all depends on one's quantification of counterparty risk: if the owner of gold believes that it makes sense to have someone else hold the gold in exchange for a meager sliver of interest, then by all means yes. The problem is that increasingly gold owners realize that possession is critical when it comes to the shiny metal in a world in which paper claims on gold are rehypothecated countless times. Which is surely the main attraction of the physical metal for all those who increasingly believe that the financial system is the precipice of completely collapse. Perhaps FirstRand Bank underestimated this part of the sales pitch. However, one entity for which the deal makes perfect sense is none other than FirstRand Bank, because all the bank is doing is paying someone a nominal fee in order to be a gold holder. What it does with that gold subsequently is anyone's guess, and good luck trying to demand receipt of physical if something should happen to the bank. But perhaps the biggest question is why now? This BBC report from two days ago should answer the question: Shares in South Africa's largest banks fell on Wednesday, following downgrades from the ratings agency Moody's. Standard Bank, FNB, Nedbank and ABSA, which is owned by Barclays, were all downgraded on Tuesday and Moody's warned of more possible ratings cuts.   The move comes a week after South Africa's central bank bailed out the smaller lender African Bank. Last week the South African Reserve Bank (SARB) announced a rescue plan for African Bank, a smaller lender that specialised in unsecured loans. The SARB bought up around $700m of bad loans from African Bank, but some investors still lost out.   On Monday, another lender, Capitec, saw its shares plunge after seeing its rating downgraded.  And some more from BusinessReport: South Africa's decision to rescue a small lender seen as neither “too big” nor “too interconnected” to fail shows that taxpayers worldwide may have to accept that bank bailouts are here to stay.   When South Africa's central bank recently announced a $700 million (520 million euro) rescue of faltering African Bank Investments Limited, it scarcely made a splash outside the country. The bottom line, at least for the rest of the world, was that African Bank is not very big and not very important.   The bank's managers made far too many bad loans to too many South Africans who could not afford to pay them back. Because it had not asked borrowers to put up their car or any other asset as collateral, it was left with a massive hole in its balance sheet when they failed to pay.   African Bank is not one of South Africa's “big-four” - Standard Bank, FNB, Nedbank or ABSA (Barclays Africa) - which are deeply enmeshed in the global financial system. In other words, South Africa is just the latest country to undergo a banking sector crisis. But don't worry: "The South African Reserve Bank insisted the country's banking sector remained "healthy and robust." So what does one of these "healhty and robust", but not systematic, banks do? It has a modest proposal: please give us your gold, for which generous offer we will pay you a whopping 0.5% per year. Good luck. P.S. why not just borrow the gold from the BIS, or are they also out?     

04 марта 2014, 11:33

ЮАР: полугодовая прибыль FirstRand выросла на 24%

Второй по величине в ЮАР банк FirstRand зафиксировал 24%-ный рост полугодовой прибыли. Так, чистая прибыль в первом фискальном полугодии с окончанием в декабре увеличилась с 7,11 млрд рэндов годом ранее до 8,84 млрд рэндов ($815 млн). При этом прибыль без учета разовых статей за рассматриваемый период выросла на 21% до 1,59 рэнда на акцию. Стоит отметить, что кредитор увеличил размер промежуточных дивидендных выплат на 40% до 77 центов на бумагу.

10 сентября 2013, 15:50

ЮАР: FirstRand отчитался о 20%-ном росте годовой прибыли

Второй по величине в ЮАР банк FirstRand отчитался о 20%-ном росте годовой прибыли в связи с увеличением числа клиентов. Так, прибыль FirstRand без учета разовых статей за год с окончанием в июне составила 2,72 рэнда на акцию, совпав со средними прогнозами аналитиков. Стоит отметить, что компания увеличила размер годовых дивидендов на 33% до 1,36 рэнда на акцию.

05 марта 2013, 14:32

ЮАР: полугодовая прибыль FirstRand выросла на 15%

Второй по величине в ЮАР банк FirstRand отчитался о 15%-ном повышении полугодовой прибыли благодаря росту числа новых клиентов. Так, в первом фискальном полугодии с окончанием в декабре чистая прибыль банка увеличилась с 6,59 млрд рэндов годом ранее до 7,57 млрд рэндов ($836 млн). Банк также объявил о повышении размера дивидендных платежей на 25% до 55 центов на акцию.

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13 декабря 2012, 19:03

Board Approves 2013 Borrowing Program, US $300 Million LOC to FirstRand Bank and US $150 Million for Gabon’s Fertilizer Plant

Board Approves 2013 Borrowing Program, US $300 Million LOC to FirstRand Bank and US $150 Million for Gabon’s Fertilizer Plant

12 декабря 2012, 15:33

AfDB Extends the Equivalent of USD 300 Million to FirstRand Bank Limited to Support Projects across Africa

AfDB Extends the Equivalent of USD 300 Million to FirstRand Bank Limited to Support Projects across Africa