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The Nationale Bank der Zuid-Afrikaansche Republiek Beperk (National Bank of the South African Republic Limited) was registered in Pretoria in 1891 and opened for business on 5 April of the same year. After the conclusion of the Second Anglo-Boer War in 1902, the name of this bank was changed to the National Bank of South Africa Limited.
The FirstRand group's history traces back to the 1970s as an investment bank.The group as currently was established on 1 April 1998, through a merger of the financial services interests of Anglo American Corporation of South Africa Limited (now Anglo American plc) and RMB Holdings (RMBH) in order to achieve the objective of a unified financial services grouping.
The Graaff Electric Lighting Works at the site of the Molteno Dam, becomes the first hydro-electric plant in South Africa, the first power plant in Cape Town, and the second electric power plant in South Africa. Groenkloof Nature Reserve is the first game sanctuary in Africa. The Jubilee Diamond is discovered. Arrest of Leander Starr Jameson
The Randlords (Afrikaans: randhere) were the capitalists who controlled the diamond and gold mining industries in South Africa from the 1870s to the First World War.. A small number of European financiers, largely of the same generation, gained control of the diamond mining industry at Kimberley.
Difficulties financing the government during and after the War of 1812 overcame the resistance to central banking that lead to the expiration of the First Bank of the United States' charter five years earlier. 1817 – The New York Stock Exchange Board was established. [214] 1818 – The first savings bank of Paris was established. [216]
In 1996 and 1997, acting in terms of section 114 of the Customs and Excise Act, the Commissioner of the South African Revenue Service detained three vehicles belonging to First National Bank of South Africa (trading as Wesbank), intending to sell the vehicles to recover unpaid customs duties and penalties owed not by the bank but certain ...
First National Bank of Whitestone, acquired by Bank of the Manhattan Company and merged into JPMorgan Chase; PNC Financial Services, formerly First National Bank of Pittsburgh, Pennsylvania; Regions Bank, formerly First National Bank of Little Rock, Arkansas; Seafirst Bank or Seattle-First National Bank; acquired by Bank of America
Banking in South Africa is centred on the South African Reserve Bank (SARB), which is the monetary authority and controls gold and foreign exchange reserves. [ 1 ] Legislation and regulatory authorities