12 Mar FirstRand says it will continue investing in long term strategies

Despite a challenging economic backdrop, First Rand has delivered a rise in interim profit. The financial services group's normalised earnings grew 7% during the period. That is thanks to what it calls 'impressive' results from the group's retail and commercial banking unit - FNB. Earnings at FNB jumped 13% due to strong growth in customers, transactional volumes, advances and deposits.

Looking ahead, FirstRand says its businesses are in good shape and it's executing an appropriate strategy to drive growth and deliver superior returns to shareholders. For the interim period, a dividend of R1.39 has been declared - reflecting growth of 7%.

FirstRand’s CEO, Alan Pullinger joins Business Day TV to reflect on the numbers that were released on Tuesday and what it means for that long-term growth strategy.
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