Investec Bank Nelspruit

Investec Bank Nelspruit

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HISTORY

Investec was founded as a small leasing and financing company in 1974 in Johannesburg, South Africa by Larry Nestadt, Errol Grolman and Ian Kantor. It has expanded through a combination of organic growth and strategic acquisitions. It secured a banking licence in 1980 and was first listed on the JSE Securities Exchange in South Africa in 1986, after merging with Metboard, a trust company. In 1988, Investec Bank Limited was restructured into Investec Group Limited (“IGL”), giving Investec Management and staff control of the company.