Company structure

RMBH is the holding company of some of South Africa’s leading financial services companies. Our interests include:

EFFECTIVE INTEREST 32,5%

The FirstRand Group is a uniquely structured financial services group with critical mass in both banking and insurance. For regulatory oversight purposes, its operations are housed in two subsidiary groups under FirstRand Bank Holdings Limited and Momentum Group Limited.

BANKING

ASSURANCE

The FirstRand Banking Group provides customers with a comprehensive range of products and services according to specific target market segments.

First National Bank (“FNB”) services the retail, business and medium corporate segments. In addition it provides transactional services to the Group’s large corporate clients.

Rand Merchant Bank (“RMB”) is respon sible for the large corporate segment, to which it provides loans, value added advisory and structuring services.

Momentum Group targets individuals in the middle and upper income markets, principally under the Momentum Life, Momentum Wealth, Momentum Health, RMB Asset Management and RMB Unit Trust brand names.

WesBank is South Africa’s dominant movable asset financier.

The balance of the Banking Group includes its African
banking subsidiaries and Banking Group Treasury.

EFFECTIVE INTEREST 26,7%

Discovery services the health care funding and insurance markets in South Africa and the United Kingdom. It is a pre-eminent developer of integrated financial services products and operates under the Discovery Health, Discovery Life, Discovery Invest, Discovery Card, Vitality, PruHealth and PruProtect brand names.

EFFECTIVE INTEREST 61,9%

OUTsurance is a direct personal lines and small business short-term insurer. Pioneers of the OUTbonus concept, it has grown rapidly by applying a scientific approach to risk selection, product design and claims management. Youi, its direct personal lines initiative in Australia, is still in start up phase.

EFFECTIVE INTEREST 80,2%

RMBSI holds both short-term and life assurance licences. It creates bespoke insurance and financial risk solutions for South Africa’s large corporations by using sophisticated risk techniques and innovative financial structures.