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First National Bank (FNB; Afrikaans: Eerste Nasionale Bank (ENB)) is one of South Africa's "big four" banks. It is a division of FirstRand , a large financial services conglomerate , which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR .
The bank contended successfully that this constituted an arbitrary deprivation of its property in violation of the property rights protected by section 25(1) of the Constitution of South Africa. In evaluating this argument, Ackermann set out a test for determining whether deprivation of property has taken place, [ 2 ] though it is debatable to ...
1.6 State-owned banks. 2 See also. ... First National Bank; ... Imperial Bank South Africa; Investec Bank Limited; Ithala Bank; Mercantile Bank Limited - ...
The FirstRand group's history traces back to the 1970s as an investment bank.The group as currently was established on 1 April 1998, through a merger of the financial services interests of Anglo American Corporation of South Africa Limited (now Anglo American plc) and RMB Holdings (RMBH) in order to achieve the objective of a unified financial services grouping.
FNB Connect is a supplier of data for South African ADSL subscribers. FNB Connect also offers VoIP services for its clients. It is one of the first South African VoIP suppliers to have developed a VOIP application for the iPhone, Windows Mobile and Symbian mobile phones plus a PC version for Windows and Linux and a web based digital phone.
The Union of South Africa came into existence on 31 May 1910, uniting the Cape Colony, Transvaal Colony, Colony of Natal, and Orange River Colony.Three months later, on 9 August, the Governor-General, Herbert Gladstone, retroactively appointed Joseph Clerc Sheridan, Esq., as the acting Commissioner for Inland Revenue with effect from 1 July 1910. [15]
The bank is 45% black-owned and 20% female-owned. [6] Instead of outsourcing traditional pre-ready banking packages, Bank Zero relies on a core banking platform. [7] By the end of 2018, after integration with the South African Reserve Bank, Bank Zero was a full settlement bank.
Banking in South Africa is centred on the South African Reserve Bank (SARB), which is the monetary authority and controls gold and foreign exchange reserves. [ 1 ] Legislation and regulatory authorities