Mary Vilakazi-led FirstRand unveils $150 million clean energy transition facility
FirstRand and BII launch a $150 million facility to help high-emitting African companies shift to cleaner production.
South African banker
Mary Vilakazi-led FirstRand flags extra UK provision risk
FirstRand warns of a possible extra UK provision as tensions rise with the Financial Conduct Authority.
FirstRand, led by South African banker Mary Vilakazi, posts $2.6 billion profit
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.
Sim Tshabalala leads $1 billion Standard Bank pledge for women entrepreneurs in Africa
Standard Bank commits $1 billion to empower women entrepreneurs across Africa through the African Women Impact Fund.
South African banker Sim Tshabalala to end 14-year run as Standard Bank CEO in 2027
The announcement comes even as the Johannesburg-based bank raised its executive retirement age from 60 to 63 in line with global corporate trends.
South African banker Jason Quinn-led Nedbank to offload Ecobank shares worth over $100 million
The South African bank confirmed that the stake, classified under IFRS 5 as a non-current asset held for sale, has a market value of R1.9 billion ($105.8 million).
South African banker Mary Vilakazi-led FirstRand warns of rising loan costs after UK ruling
FirstRand, led by Mary Vilakazi, may raise provisions by $53 million after a UK court ruling on car finance commissions.
South African banker Gerrie Fourie steps aside as new CEO takes helm at Capitec
Graham Lee takes over as Capitec CEO as Gerrie Fourie steps aside, remaining an adviser to support the bank’s global and digital growth plans.
South African banker Alan Pullinger gains $3.9 million from FirstRand stake
Pullinger, one of South Africa’s most respected banking executives, owns a 0.13-percent stake in FirstRand, equal to about 7.08 million shares.
Absa Group Chair Sello Moloko to step down in July
René van Wyk, a former interim CEO of the bank and seasoned regulator, will take over as chairperson of both Absa Group and Absa Bank.
Capitec CEO Gerrie Fourie to retire after over a decade of leadership
This marks the end of more than a decade-long tenure in which he played a key role in transforming Capitec into the country’s leading digital bank.
Standard Bank, led by Sim Tshabalala, makes $165 million bet on platinum group metals
The 5.74 percent stake in Northam Holdings boosts the bank’s mining investments in South Africa.
Absa Bank names South African banking veteran Kenny Fihla as new CEO
He will take over from Charles Russon, who has been serving as interim CEO following the early retirement of the previous chief executive.
South African banker Jason Quinn receives $5.8 million salary from Nedbank
The salary reflects his leadership in driving the bank’s growth, strengthening its market position, and navigating an evolving financial landscape.
Mary Vilakazi leads Africa’s biggest lender to $1.23 billion half-year profit
Led by South African banker Mary Vilakazi, FirstRand continues to demonstrate resilience and solid returns for shareholders despite challenging economic conditions.
Alan Pullinger, South African banker, sees stake in FirstRand dip below $30 million
The decline in Pullinger’s stake reflects the broader uncertainty among investors.