Probably the most remarkably successful entrepreneurial venture of the last 40 years.— Bruce Whitfield, The Money Show
It’s the end of a great partnership… it’s a history that has done everyone incredibly well.— Chris Logan, fund manager - Opportune Investments
RMB Holdings will dole out its R130 billion stake in FirstRand – South Africa’s largest financial institution - to its shareholders.
Johann Rupert founded Rand Merchant Bank in 1979.
FirstRand is run well. It’s exemplary! … it’s so far ahead of the game… when you meet the FirstRand guys, they’re generating great returns and seem honest… it [FirstRand] is the jewel in the crown…— Chris Logan, fund manager - Opportune Investments
The pyramid structure they had, enabled them to leverage their influence and culture, and transform stodgy assets into top-performing assets…— Chris Logan, fund manager - Opportune Investments
Commercially, it’s a very sound decision… They’re dismantling it while it’s a top-performing asset.— Chris Logan, fund manager - Opportune Investments
For more detail, listen to the interview in the audio below.
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