FirstRand Bank Limited

Type: Company
Name: FirstRand Bank Limited (FirstRand Ltd)
First reported 59 mins ago - Updated 59 mins ago - 1 reports

Rhodes Food Plans $56 Million Stock Sale, Johannesburg Listing

Rhodes Food Group Holdings Ltd., aSouth African producer of canned fruit and ready meals, plans toraise 600 million rand ($56 million) in a share sale to trade onthe Johannesburg Stock Exchange .Rhodes Food will sell new stock comprising about 25 per ... [Published Bloomberg - 59 mins ago]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Namibia wants banks to sell 25% stake

commercial banks in Namibia may have to sell 25 per cent of their equity to local investors by 2025 and should consider trading their shares on the stock exchange, Finance Minister Saara Kuugongelwa-Amadhila said.“We are looking at a threshold of 25 per ... [Published Nigeria Punch - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

OPINION: Want to be the boss?

So, who wants to be CEO? You get the flashy office, the secretary and thousands of people you can boss about, plus you get a magnificent pay cheque every month. If you’re any good at your job and markets go in your favour, the share options the board ... [Published Finweek - Aug 29 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

FirstRand shifts India focus to pare losses

FirstRand Bank chief executive and country manager Rohit Wahi. The bank’s loss in India widened to Rs77 crore in fiscal 2013-14 from Rs59 crore in the previous year. Photo: S. Kumar/MintMumbai: FirstRand Bank Ltd , South Africa’s largest lender by market ... [Published Livemint.com - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

Mercedes-Benz brings scarcity value to revved up auto mart

The German carmaker’s finance arm has hired Commerzbank and Lloyds as joint lead managers for the €800m Silver Arrow 5, which will be backed by 46,737 fixed rate auto loans originated in Germany.The team will hold conference calls on Monday next week, ... [Published GlobalCapital - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

Bank downgrades: Tough time for consumers - Fin24.com

...for Standard Bank, FirstRand, Nedbank and Absa Bank after the ratings agency downgraded Capitec Bank Limited [JSE:CPI] (Capitec) by two notches, and placed it on review for a further downgrade. This followed news of the SA Reserve Bank...full stor ... [Published Liberty Group Limited - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

JSE opens lower on softer Asian markets

THE JSE all share index was lower on Thursday morning as it took its cue from softer Asian markets and mostly unchanged overnight US markets.The S&P 500 closed around the 2,000-point mark, while the Dow closed flat. Asian markets were trending lower — ... [Published BDlive - Aug 28 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 1 reports

FirstRand Sets Up World's First Gold-Denominated Bond

IN THESE post credit crisis days, true innovation in the shell-shocked world of money is a rarity. Mistrust of the financial industry, central banks and fiat currencies, however, is ubiquitous.So a new breed of security that combines innovation and mistrust ... [Published HighBeam Research - Aug 26 2014]
First reported Aug 25 2014 - Updated Aug 26 2014 - 2 reports

Metair - Today's stocks pick within banking sector

Metair Investments manufactures and supplies of motor vehicle components for the original equipment and aftermarket parts markets in South Africa and eastern Europe. It has a particular focus on batteries. It has a market cap of R7 billion, a PE ratio ... [Published CNBC Africa - Aug 26 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 1 reports

FIRSTRAND : Fitch sees no contagion on South Africa's biggest lenders from African Bank's problems

Fitch said on Friday ( Aug 22 ) it assesses the recent failure and bail-in of South African unsecured lender African Bank as isolated with limited possible contagion to the large South African banks and their credit profiles. The rating agency thus maintained ... [Published 4 Traders - Aug 25 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 2 reports

Indian bonds see biggest fall in 3 weeks on profit-taking

Indian bonds fell for a third consecutive session on continued profit-taking after recent strong gains and on concerns about the outlook for US interest rates. Photo: MintMumbai: Indian government bonds fell for a third consecutive session on Monday, ... [Published Livemint.com - Aug 25 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 2 reports

FirstRand ‘to get cheap funds from new gold bond’

Today - 07:53 GMTTHE world’s first gold corporate bond, sold by FirstRand Bank last week, will provide cheap funding to the bullion-trading desk of SA’s lender.The R2bn bond, redeemable in gold Krugerrand coins that are legal tender in the country, pays ... [Published Gold Industry Today - Aug 25 2014]

Quotes

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"Over the past few months there has been a lot of talk of quantitative easing (QE) from the ECB and suddenly it is no longer a theory but imminent reality. Next week’s ECB meeting is too early to anticipate any action ... Friday’s eurozone inflation will (rather) set the scene for the next few months" RMB said
...They are "high-maintenance" employees, not interested in 30-year tenures at one organisation, and seek workplace flexibility. "Shorter tenure and alternative employment models have become the norm. The global shortage in highly skilled professions has led to massive skills mobility" says Burmeister
"SARB's [Reserve Bank's] willingness to proceed with a burden sharing restructuring plan for ABL, involving debt holders and wholesale depositors, is a clear indication of a reduction in the likelihood of systemic support being provided in the event of need, in a manner that would fully protect creditors. In this recent case [African Bank's bail-out by the Reserve Bank], senior bondholders and wholesale depositors took a 10% haircut on their original investment/deposit" , Moody's complained

More Content

All (345) | News (331) | Reports (0) | Blogs (10) | Audio/Video (0) | Fact Sheets (3) | Press Releases (1)
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Business as usual for Namibian banks after SA d... [Published New Era - 19 mins ago]
Rhodes Food Plans $56 Million Stock Sale, Johan... [Published Bloomberg - 59 mins ago]
OPINION: Want to be the boss? [Published Finweek - Aug 29 2014]
Ratio applicable to Capitalisation share election [Published Noodls - Aug 29 2014]
SUI: SUN INTERNATIONAL LIMITED - Proposed acqui... [Published JSE Securities Exchange - Aug 29 2014]
Namibia wants banks to sell 25% stake [Published Nigeria Punch - Aug 29 2014]
FirstRand shifts India focus to pare losses [Published Livemint.com - Aug 28 2014]
Mercedes-Benz brings scarcity value to revved u... [Published GlobalCapital - Aug 28 2014]
DSBP: DISCOVERY LIMITED - Preference share divi... [Published JSE Securities Exchange - Aug 28 2014]
Bank downgrades: Tough time for consumers - Fin... [Published Liberty Group Limited - Aug 28 2014]
Why South Africa bank crisis is a not big threa... [Published Conversation UK - Aug 28 2014]
JSE opens lower on softer Asian markets [Published BDlive - Aug 28 2014]
MILLENNIAL WOMEN: Get a move on [Published Financial Mail - Aug 28 2014]
CFTC Orders FirstRand Bank, Ltd. to Pay $150,00... [Published CFTC Enforcement Press Releases - Aug 27 2014]
Who is Moody's and why were SA banks downgraded? [Published News24 - Aug 27 2014]
FirstRand Sets Up World's First Gold-Denominate... [Published HighBeam Research - Aug 26 2014]
Metair - Today's stocks pick within banking sector [Published CNBC Africa - Aug 26 2014]
INGUZA INVESTMENTS (RF) LIMITED - ING245-Full C... [Published JSE Securities Exchange - Aug 26 2014]
DSY: DISCOVERY LIMITED - Discovery Insure concl... [Published JSE Securities Exchange - Aug 26 2014]
Why was the DA silent over SARB's bail-out of A... [Published Politicsweb - Aug 25 2014]
FIRSTRAND : Fitch sees no contagion on South Af... [Published 4 Traders - Aug 25 2014]
FirstRand Bank -Today's stocks pick within bank... [Published CNBC Africa - Aug 25 2014]
INDWA INVESTMENTS LIMITED - INA448-New Instrume... [Published JSE Securities Exchange - Aug 25 2014]
Indian bonds see biggest fall in 3 weeks on pro... [Published Livemint.com - Aug 25 2014]
Bonds see biggest fall in 3-weeks on profit-taking [Published Economic Times - Aug 25 2014]
FNBB hunts for new CEO as Boakgomo-Ntakhwana le... [Published Sunday Standard Botswana - Aug 25 2014]
FirstRand ‘to get cheap funds from new gold bond’ [Published Gold Industry Today - Aug 25 2014]
Trust has plan to aid deficient schools [Published BDlive - Aug 25 2014]
FirstRand ‘to get cheap funds from new gold bond’ [Published BDlive - Aug 25 2014]
African Bank Investments Limited: Fitch retains... [Published IOL - Aug 25 2014]
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Blogs

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As South Africa Reels From Unexpected Bailout, ... [Published Zero Hedge - Aug 22 2014]
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 ...
MICROCAPITAL BRIEF: African Development Bank (A... [Published MicroCapital - Aug 14 2014]
The African Development Bank (AfDB), a multilateral finance institution based in Tunisia and gives loans and grants to governments and private companies in Africa , reportedly has raised NGN 12.95 billion (USD 80 million) by issuing a 7-year local-currency ...
Fitch Issues Updated ABCP Scorecard for iVuzi I... [Published Business Wire Professional Services News - Jul 25 2014]
LONDON--(BUSINESS WIRE)--Link to Fitch Ratings' Report: iVuzi Investments (RF) Limited http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=750329 Fitch Ratings has published an updated Asset-Backed Commercial Paper Scorecard for the ...
Fitch Issues Updated ABCP Scorecards for iNdwa ... [Published Business Wire Professional Services News - Jul 18 2014]
LONDON & NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published an updated Asset-Backed Commercial Paper Scorecard for the iNdwa Investments Limited conduit sponsored by Rand Merchant Bank, a division of FirstRand Bank, Ltd ('AA(zaf)/F1+(zaf)'). The scorecard ...
Pound to Rupee Exchange Rate (GBP/INR) Softens ... [Published AdBanks.net - Jul 03 2014]
2 Jul 2014 at 8 PM – Written by Admin STORY LINK Pound to Rupee Exchange Rate (GBP/INR) Softens as Indian Currency Rallies on FED Speculation The Pound to Rupee exchange rate softened on Wednesday despite the release of a better-than-expected ...
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Press Releases

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CFTC Orders FirstRand Bank, Ltd. to Pay $150,00... [Published CFTC Enforcement Press Releases - Aug 27 2014]
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