RMBH Group at a glance

11 September 2013 RMBH Group

RMB Holding’s sole interest is its 33.9% investment in separately listed FirstRand Limited (“FirstRand”),generally regarded as Southern Africa’s pre-eminent financial services group.

The FirstRand Group comprises a portfolio of leading financial services franchises, including:

First National Bank (“FNB”), the retail and commercial bank;
* Rand Merchant Bank (“RMB”), the corporate and investment bank;
* WesBank, the instalment finance business; and
* Asburton Investments, the group’s newly-established investment management business.


RMBH continued to build on the strong base of the previous year and produced excellent results for the year ended 30 June 2013.

RMBH achieved normalised earnings ofR5.1 billion, an increase of 21% on the comparative period. On a per share basis this amounted to 359.4 cents (2012: 269.5 cents). This outcome was driven by excellent results from FirstRand, which continued to benefit from good operational performances in all franchises.

The final dividend of 104.5 (2012: 73.5) cents per share resulted in total dividends for the year increasing by 36%.The apparent divergence in the growth in dividends relative to the growth in underlying earnings can be ascribed to FirstRand reducing its dividend cover ratio and paying out an increased dividend


The group expects to continue good organic growth despite the difficult macroeconomic environment.

Quick Polls


Is 30 the new 65?


Yes, it is becoming inevitable that retirees need to save for a 30 year time horizon when it comes to retirement
No, why change a model that has been working for many years
At least if a retiree reinvests their pot of cash compound interest will resolve the longevity problem
A E fanews magazine
FAnews August 2019 Get the latest issue of FAnews

This month's headlines

Create designer policies through AI
Are advisers in a precarious position?
A claim, COIDA and a dog bite
Non-disclosure never an innocent fraud
Prescribed assets: The threat to pensions
Cannabis and the issue of trust
Getting the most from disability claims
Subscribe now