RMB’s Where to Invest in Africa 2018/2019 hones on infrastructure in Africa – for the benefit of Africa and both its private and public funders alike
In this radio interview and article RMB CEO James Formby says Infrastructure spend has a strong multiplier effect on the economy in general.
RMB has received this award for the third consecutive year. A noticeable achievement was growing RMB’s trade business revenue by 22% for the f/y ending June 2019.
Global Finance magazine has recognised RMB in SA as Best Treasury and Cash Management Bank for 2021, and Best Treasury and Cash Management Bank in Botswana and Namibia.
The RMB/BER Business Confidence Index is back in negative territory. Some sectors showed surprising resilience though, and the adverse developments in the quarter are likely to deliver only a temporary setback.
RMB’s pre-tax profit is up 24% from June 2020, resulting in an ROE of 18.7%, Disciplined origination and a resilient credit portfolio were the main drivers of the performance.
RMB’s Aluwani Thenga is one of 35 individuals selected globally to participate in BAFT’s Future Leaders Programme Class of 2022.
RMB was appointed as joint lead manager in raising $3bn worth of sovereign bonds on behalf of National Treasury. The issuance was 2.3 times oversubscribed.
RMB, a long-time supporter of rowing in SA, has entered into a partnership with Cape Town’s Zeekoe Vlei Yacht Club, which will result in the improvement of the infrastructure to accommodate more clubs and athletes, including local development teams.
