FirstRand Ltd - Company Profile
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FirstRand Ltd (FirstRand) is a financial holding company. Adequate liquidity, market position, deposits growth are a few of its major strengths, even as its increase in operating expenses remains a cause for concern. Growing cards and payments channel in South Africa, short-term economic situation in South Africa, digital transformation, and the emergence of fintech could provide significant growth opportunities to the company. However, cybersecurity risks, operational risks, and emergence of Neobanks could affect the company’s business.
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