RMH (officially RMB Holdings Limited) is a South African diversified financial services holding company.[1]
Overview
RMH is listed on the JSE, and is headquartered in Sandton, South Africa.
History
RMH traces its roots from Rand Consolidated Investments (RCI) and Rand Merchant Bank, which were founded in 1977 and 1968 respectively. RCI was co-founded by Paul Harris, Gerrit Ferreira and Lauritz Dippenaar.[2]
The company's objective was to offer leveraged leasing and off-balance-sheet financing to businesses. RCI failed to secure a banking licence; this led to the firm joining forces with Johann Rupert's Rand Merchant Bank in 1985.[3]