Summary of Anticipated Development Impacts
- Supporting decent employment: FirstRand itself maintains over 48,000 high quality, permanent and temporary jobs, offering benefits including financial training and advancement opportunities, parental leave, vacation days, social security, and life and health insurance.
- Strengthen local SMEs and value chains: FirstRand Bank supports the local economy by on-lending to SME clients.
- Financial services for SMEs: FirstRand’s financial products include consumer, housing, and SME loans, in addition to credit cards, renewable energy investments and investment banking.
- GDP contribution through economic value-added: The transaction will contribute economic value, directly and indirectly to local economies.