FirstRand Ltd. said a new proposal by the UK for compensating consumers who were missold car loans that could end up costing lenders £11 billion ($14.7 billion) goes beyond what it previously expected ...

FirstRand Ltd., South Africa’s biggest bank by market value, may revise the amount of provisions it set aside to cover potential compensation and other costs it is facing tied to missold car loans in ...

Johann Rupert's Remgro has sold close to R5 billion in shares of FirstRand, with the investment holding company deeming the ...

The Johannesburg-based lender is assessing opportunities in the two West African economies as part of a broader strategy to become a top-three bank in selected African markets.

FirstRand Bank has set a new benchmark in South Africa for treasury management, becoming the first in the country to leverage ...

Return on Equity (ROE): Moving closer to the top of the 18% to 22% range. Net Income After Cost of Capital (NIACC): 26% growth. Net Asset Value (NAV): Up 7%, excluding currency impacts, up 10%. Net ...

Morgan Stanley downgraded FirstRand (FANDF) to Equal Weight from Overweight with an unchanged price target of ZAR 8,400. The recent trading update detailed a “solid operational performance,” but UK ...

Delivering strong returns through high margins, smart fees, and disciplined capital management – a textbook example of banking done right.

JOHANNESBURG (Reuters) -South Africa's FirstRand Ltd on Thursday forecast marginally higher second-half earnings than the 10% growth it reported in the first half, but net interest income (NII) is ...