FirstRand Post 10% Rise In Earnings And An Impressive 20% Return On Equity
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Guest – Mary Vilakazi – CEO of FirstRand
South Africa’s largest banking group, FirstRand, has posted a 10% rise in earnings and an impressive 20% return on equity – well above peers – despite economic headwinds. In this episode, we speak to Mary Vilakazi, the Group CEO, about what drove this performance, including strong growth in FNB, RMB, and WesBank, and how the bank is navigating challenges in South Africa, the UK, and across Africa.
South Africa’s largest banking group, FirstRand, has posted a 10% rise in earnings and an impressive 20% return on equity – well above peers – despite economic headwinds. In this episode, we speak to Mary Vilakazi, the Group CEO, about what drove this performance, including strong growth in FNB, RMB, and WesBank, and how the bank is navigating challenges in South Africa, the UK, and across Africa.
