FirstRand delivers 13% earnings growth and OUTsurance declares special dividend after record year

Stephen Grootes speaks to FirstRand CEO Mary Vilakazi about the group’s latest results, with continuing operations delivering 13% growth in normalised earnings to R44.5 billion and an ROE of 24.9%. FNB and RMB drove the underlying performance, with profit before tax rising 12% and 15% respectively, while the group absorbed a significant provision linked to the UK motor commission matter. Despite the provision, FirstRand delivered its highest-ever dividend payout and has raised its ROE target to 21%–26% for the year ahead.

In other interviews, Marthinus Visser, CEO of OUTsurance Group talks about the insurer’s strong full-year results, which saw normalised earnings rise 18.5% to R5.6 billion, driven by robust underwriting performance in South Africa, continued growth in Australia, and accelerating momentum in Ireland.

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.

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