RMB HoldingsFirstRand gains feed through

RMB Holdings inherited the exceptional performance of FirstRand to grow normalised earnings from continuing operations by 35 percent to R4.2 billion in the year to June. The company declared a final dividend of 73.5c a share, lifting the ordinary dividend for the year up 24 percent to R1.255 a share. Headline earnings a share fell 65 percent to R3.12 as a result of the unbundling of its insurance interests in 2011. A 33.9 percent stake in FirstRand is its sole remaining asset. The shares closed 1.4 percent lower at R36. – Londiwe Buthelezi