Rand Merchant Bank Holdings
RMH was founded by South African leading business men GT Ferreira, Laurie Dippenaar and Paul Harris over 40 years ago. It represents the merger of Rand Consolidated Investment and Rand Merchant Bank, then owned and managed by Johann Rupert of Remgro. Our founding members still play an important role in the decision-making of RMH.
Since its listing in 1993, RMH has provided shareholders with a vehicle to co-invest with the founders of FirstRand. In 2011, insurance interests were separately listed as Rand Merchant Investment Holding Limited (RMI). Since then RMH has been a dedicated investment vehicle into FirstRand, one of South Africa’s most successful financial services groups.
RMH recently announced the expansion of its investment strategy to include a property investment business alongside its 34% investment in FirstRand. This will involve establishing a diversified portfolio of scalable entrepreneur-led businesses with proven track records in managing and building out property portfolios. The first two investments have been made.