Having outperformed competitors on earnings and market value, can FirstRand stay ahead? Phakamisa Ndzamela asked the group's CEO and founders about their plans UNDER the leadership of CEO Sizwe Nxasana, FirstRand has emerged as Africa’s largest bank by earnings, market capitalisation and return on equity, and is now a top 10 company on the Johannesburg Stock Exchange, the continent’s largest bourse.As part of his plan to keep ahead of the pack and sustain earnings growth, Nxasana — who confirms he is to retire at 60 in just under three years — will oversee a number of new expansion initiatives before stepping down as group CEO in 2017.GT Ferreira, a FirstRand cofounder, says Nxasana is not allowed to say he is "tired" as he "has not run that long".On the bank’s short-to medium-term future, Nxasana says there are various initiatives in the pipeline aimed at lifting earnings growth "way above" SA’s subdued economy.Among them, says Laurie Dippenaar, another group cofounder, is FirstRa...
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