Businesses Owned By Laurie Dippenaar. Laurite “Laurie” Dippenaar is a South African self-made millionaire businessman, investor and banker who was the Chairman of FirstRand Financial Group. He is also well known for his philanthropic activities and runs a scholarship programme through his generous endowments. According to Entrepreneur Mag Dippenaar has an estimated net worth of R8. 5 billion. Below are some of the businesses owned by Laurie Dippenaar.
Rand Merchant Bank
Three entrepreneurs: Laurie Dippenaar, GT Ferreira and Pat Goss started a small financial structuring house in Johannesburg. They called their company Rand Consolidated Investments (RCI) and built the business on the basis of Traditional values. Innovative ideas. After Pat left the business, a new partner, Paul Harris joined. A few years later, the trio merged their successful lending and financing business with Johann Rupert’s Rand Merchant Bank. They swapped the name RCI for RMB and so the world of RMB came into being.
FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator. FirstRand Limited is one of the largest financial institutions in South Africa, and provides banking, insurance and investment products and services to retail, commercial, corporate and public sector customers. In addition to South Africa, the group operates in eight key African countries, namely, Botswana, Namibia, Swaziland, Lesotho, Zambia, Mozambique, Tanzania, Ghana and Nigeria.
First National Bank
First National Bank is one of South Africa’s “big five” banks. It is a division of FirstRand Limited, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR. FNB is also listed on the Botswana Stock Exchange under the symbol FNBB and is a constituent of the BSE Domestic Company Index. First National Bank maintains banking subsidiaries which it owns wholly or in part, in Botswana, Mozambique, Namibia, South Africa, Eswatini, Tanzania, Zambia, Ghana, India, Lesotho and Guernsey. FNB is also actively pursuing expansion plans in Angola and Nigeria.