Profile
Banking as a whole was changing fast and specialised financial services divisions sprung up within the bank. A massive investment was made into computers and new technology. In 1998 the financial services interests (which included their shareholding in First National Bank) of Rand Merchant Bank Holdings and Anglo-American Corporation were merged to form FirstRand Limited, which is listed on the JSE Securities Exchange. Consequently, FNB became a wholly owned subsidiary of FirstRand Limited and
