FirstRand Banks on South Africa as It Sits on Excess Capital [Yahoo! Finance]
FIRSTRAND LTD UNSP/ADR (FANDY)
NASDAQ:AMEX Investor Relations:
firstrand.co.za/investorcentre
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Source: Yahoo! Finance
Most Read from Bloomberg How Americans Voted Their Way Into a Housing Crisis For Tenants, AI-Powered Screening Can Be a New Barrier to Housing After a Record Hot Summer, Pressure Grows for A/C Mandates Chicago Halts Hiring as Deficit Tops $1 Billion Through 2025 NYC Transit Capital Upgrades Face $27 Billion Gap, DiNapoli Says The country's biggest lender by market value is eying post-election efforts to improve the performance of South Africa's battered infrastructure and energy sectors, while forecasting that the central bank will help the economy by cutting rates starting later this month. “The economic reforms that are possible in South Africa should mean that there are growth opportunities,” Chief Executive Officer Mary Vilakazi told Bloomberg Television's Jennifer Zabasajja Thursday. “We want to make sure that we've got enough resources to participate.” Results released Thursday for the year through June show FirstRand's tier one capital ratio at 13.5%, above its
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