Browsing: FirstRand

News
FirstRand takes a leaf from Amazon’s book

FirstRand is emulating Amazon.com with a digital offering that will span everything from insurance, car licence renewals to locating plumbing services as the South African bank chases new revenue sources.

In-depth
Is bitcoin a legitimate asset class?

Eye-watering returns, surging prices and market capitalisations to rival some of the world’s largest companies make cryptocurrencies hard to ignore. Bitcoin, the original and arguably most well known cryptocurrency

News
Bank collusion case strengthens Zuma’s hand

A finding by the South African antitrust regulator that more than a dozen local and international banks colluded to rig foreign-currency trades will bolster government accusations that the nation’s biggest lenders

News
Banks bashed in battle over Guptas

New allegations by President Jacob Zuma’s supporters that South Africa’s biggest banks are frustrating efforts to address racial inequality signal an escalation of a battle for control of the nation’s financial system, including the treasury. Protestors from the

News
SA banks swap asset via blockchain network

South Africa’s largest banks have successfully swapped an asset via a blockchain network, set up among themselves. The banks – Absa, Investec, Nedbank, Rand Merchant Bank/First National Bank and Standard Bank

News
More banks back Gordhan over Guptas

South Africa’s largest banks backed finance minster Pravin Gordhan’s stance that he has no power to stop them from closing the accounts of a company controlled by friends of President Jacob Zuma. FirstRand, Standard Bank, Barclays

News
FirstRand backs Gordhan on Guptas

FirstRand said it agrees with finance minister Pravin Gordhan that he cannot interfere with their decision to cut ties with the Gupta family. Gordhan last week asked the high court to order that he has no authority to

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