Real People Group
| Founded | 13 September 1999 |
|---|---|
| Headquarters |
Rosebank South Africa |
Key people |
Peter de Beyer Chairman Neil Grobbelaar Executive director |
| Revenue |
 ZAR 1.4 Billion (2015) |
|
ZAR -323 Million (2015) | |
| Total assets |
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]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Old Mutual | 30.1 |
| 2 | Management Private Equity Consortium | 29.1 |
| 3 | Norfund | 15.7 |
| 4 | B-BBEE Shareholders | 3.9 |
| 5 | Others | 21.2 |
| Total | 100.00 | |
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 2 3 4 5 "Real People Group - Information Memorandum" (PDF). Real People Group. 2014-09-17. Retrieved 2015-11-28.
- ↑ "What we do > Responsible Finance". Real People Group. Retrieved 2015-11-28.
- 1 2 3 "Real People Group - Integrated Report 2015" (PDF). Real People Group. 2015-03-31. Retrieved 2015-11-28.
- ↑ "Real People Kenya - Information Memorandum" (PDF). Real People Kenya. 25 June 2015. Retrieved 2015-11-28.
- ↑ "Real People Group - Corporate Brochure (November 2015)" (PDF). Real People Group. 2015-11-19. Retrieved 2015-11-28.