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FirstRand has classified its entire UK business as held for sale and taken a £547.8 million charge for motor finance redress. Group profit fell for the first time in six years, though the South African operations that remain grew earnings 13 percent.
FirstRand gains $310 million from AfDB to expand credit access for MSMEs, women entrepreneurs and farmers in South Africa.
FirstRand warns of a possible extra UK provision as tensions rise with the Financial Conduct Authority.
FirstRand, led by South African banker Mary Vilakazi, flags UK plan that may cost lenders £11 billion, surpassing earlier estimates.
FirstRand, led by CEO Mary Vilakazi, posted a $2.6 billion profit in 2025, up 10 percent on gains across retail, commercial and investment banking.
FirstRand, led by Mary Vilakazi, may raise provisions by $53 million after a UK court ruling on car finance commissions.
FirstRand, led by Mary Vilakazi, gains approval to absorb HSBC South Africa by Oct. 2025, boosting its corporate banking footprint.
FirstRand sharpens its private banking focus in Ghana and beyond as Africa’s millionaire class expands.
Led by South African banker Mary Vilakazi, FirstRand continues to demonstrate resilience and solid returns for shareholders despite challenging economic conditions.
This remuneration reflects her instrumental role in steering the company’s growth and maintaining its industry dominance.
Vilakazi’s tenacity, strategic prowess, and commitment to excellence have propelled her to the top job at FirstRand.
Vilakazi’s journey at FirstRand began when she was appointed chief operating officer in July 2018.
Appointed as FirstRand’s COO in July 2018, Vilakazi has played a pivotal role in propelling the institution’s sustained expansion.