FirstRand

FirstRand represents a very different proposition to its peers in that it is the only fully integrated financial services group in South Africa.

It is also the only one of the big-four South African retail, commercial and investment banking groups that is “owner-managed”. Through its ownership of First National Bank, Momentum, Rand Merchant Bank and WesBank the Group can operate in almost every area of the financial services arena.

Read more about the FirstRand Group.

The FirstRand Foundation, established in 1998, is the dedicated legal vehicle through which FirstRand and its major brands direct their social giving to meaningful development initiatives. The Foundation is driven by a strategy that incorporates its core values of being proactive, making informed decisions and building long lasting partnerships.

In 2006, following a strategic review of the Foundation’s giving, it was decided to streamline its focus areas. A programmatic approach was introduced, allowing projects in specific fields of development to benefit from focused attention from the Foundation. This approach enables the Foundation to engage with programmes in a more structured and meaningful way with the end result of developing high quality partnerships and having a bigger impact.

The companies within the FirstRand Group contribute 1% of their after-tax profits to the FirstRand Foundation, which channels the funds to a variety of causes. These individual Funds have specific focus areas and run their programmes accordingly.

Read more about the FirstRand Foundation here.

The FirstRand Fund
The FNB Fund
The Momentum Fund
The RMB Fund
The Wesbank Fund