Real People Group

Real People Investment Holdings
Founded 13 September 1999 (1999-09-13)
Headquarters Rosebank
South Africa
Key people
 Peter de Beyer
Chairman
Neil Grobbelaar
Executive director
Revenue Decrease ZAR 1.4 Billion (2015)
Decrease ZAR -323 Million (2015)
Total assets Decrease ZAR 3.7 Billion (2015)
Number of employees
 1,600 (2015)
Website Homepage

Real People Group, officially known as Real People Investment Holdings Limited, is a microfinance holding company with its headquarters in Rosebank, South Africa.[1]

Overview

Real People Group is a South African-based financial services institution with operations in Southern and East Africa. These subsidiaries specialize in providing short to medium-term unsecured loans to individuals and SMEs.[2] The group has more than 1,600 employees.[1]

History

Real People Group was incorporated on 13 September 1999 with its co-business was to create operational capability by collecting on non and partially-performing consumer finance portfolios in South Africa. The group later expanded to other complimentary areas of business such as provision of finance in form or education loans and SME financing.[1] Expanded its operations to Kenya, through Real People Kenya Limited (previously known as African Provident Limited). On 21 August 2013 the company converted into a public limited liability company.[1]

As of November 2015, the group has listed bonds on the JSE,[3] NASDAQ OMX Stockholm[1] and the Nairobi Securities Exchange.[4]

Member companies

The companies that compose the Real People Group include, but are not limited, to the following:[3]

  • Real People (Proprietary) Limited – East London, South Africa – 100% Shareholding – The flagship company of the group. Engaging in portfolio recovery solutions, responsible finance and general purpose lending
  • Real People Assurance Company – East London, South Africa – 99% Shareholding – Carrying out long term insurance business.
  • Factors (Pty) Limited – East London, South Africa – 100% Shareholding – A general purpose lending company.
  • Real People Credit (Pty) Limited – East London, South Africa – 100% Shareholding – A firm discontinued receivables thereby giving clients greater liquidity.
  • Real People Holdings International Limited – Port Louis, Mauritius – 100% Shareholding – A holding company for the non-South African subsidiaries.
  • Real People Kenya Limited – Nairobi, Kenya – 100% Shareholding – Previously named African Provident Limited. A micro-finance company.
  • Real People Financial Services (Uganda) Limited – Kampala, Uganda – 100% Shareholding – A micro-finance company.

Shareholders

The stock of Real People Group is privately held. As of November 2015, shareholding in the group's stock was as indicated in the table below:[5]

Real People Group Stock Ownership
RankName of OwnerPercentage Ownership
1Old Mutual30.1
2Management Private Equity Consortium29.1
3Norfund15.7
4B-BBEE Shareholders3.9
5Others21.2
Total100.00

Governance

Real People Group is governed by an eleven-person board of directors Peter de Beyer as the chairman and Neil Grobbelaar as the Group CEO.[3]

See also

References

  1. 1 2 3 4 5 "Real People Group - Information Memorandum" (PDF). Real People Group. 2014-09-17. Retrieved 2015-11-28.
  2. ↑ "What we do > Responsible Finance". Real People Group. Retrieved 2015-11-28.
  3. 1 2 3 "Real People Group - Integrated Report 2015" (PDF). Real People Group. 2015-03-31. Retrieved 2015-11-28.
  4. ↑ "Real People Kenya - Information Memorandum" (PDF). Real People Kenya. 25 June 2015. Retrieved 2015-11-28.
  5. ↑ "Real People Group - Corporate Brochure (November 2015)" (PDF). Real People Group. 2015-11-19. Retrieved 2015-11-28.
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