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The FirstRand Group was established in 1998, by the merger of First National Bank of South Africa, Rand Merchant Bank and Momentum Insurance & Asset Management. FirstRand is listed as a "locally controlled bank" by the South African Reserve Bank , the national banking regulator. [ 8 ]
RMH also transferred its entire stake in Rand Merchant Bank to Momentum thereby increasing its stake in Momentum Life to 76.4%. [8] In the same year, the group founded Discovery Limited along with Adrian Gore as a subsidiary of Momentum Life. [9] On February 28, 1998 the group founded OUTsurance, a short-term insurance company. [10]
Fourways Mall is a shopping mall in South Africa located in the Fourways area of Sandton, in suburban Johannesburg. [1] It doubled its size, from 85,000m² to 178,000m², relaunching in 2019 [2]
Discovery Limited was founded in 1992 by Adrian Gore and Barry Swartzberg. In the same year, RMB Holdings (RMBH) acquired a stake in the business by making Discovery Limited its subsidiary through Momentum Group (now part of MMI Holdings Limited). [4]
The bank is headquartered in Sandton, South Africa, [1] and provides products and services in retail banking, corporate finance, asset management, equity brokerage and security. [4] It is a fully owned subsidiary of Mercantile Bank Holdings Limited, which in turn is owned by the holding company registered in Portugal – Caixa Geral de ...
Rand Merchant Investment Holdings, also referred to as RMI Holdings, is a listed financial services investment holding company [1] that holds various insurance brands in South Africa, Australia, China, Mauritius, New Zealand, Republic of Ireland, Singapore, the United Kingdom and the United States of America.
The Fourways area encompasses several suburbs and estates. The suburbs include Fourways (on the Western side of William Nicol Drive, with a small portion on the Eastern side colloquially known as Little Fourways), Magalies View, Bryanston Ext. 34, several Magaliessig extensions, Norscot, Norscot Slopes, Lone Hill and Beverley, Craigavon, Broadacres.
FNB Corporation is a diversified financial services corporation based in Pittsburgh, Pennsylvania, and the holding company for its largest subsidiary, First National Bank. As of July 17, 2024, FNB has total assets of nearly $48 billion. [ 2 ]