Non-Executive Chair of First Rand Limited and Chairman of RMB Holdings Limited.
Net Worth – $ 460 Million
GT Ferreira is currently the Chairman of RMB Holdings Limited. He has been involved in the financial services sector since graduating with commerce degrees from the University of Stellenbosch. Mr Ferreira was announced the Cape Town Chamber of Business and Die Burger’s Business Leader of 2010.
At a Glance
Born: 6th April 1948 (Age 63)
Source of Wealth: Insurance, Banking
Country of Citizenship: South Africa
Education: Masters in Business Administration, University of Stellenbosch
Marital Status: Married, 2 children
Gerrit Thomas Ferreira, also known as GT, the chair of financial services company RMB Holdings, was one of the three founders of Rand Consolidated Investments in 1977; it later became Rand Merchant Bank. In 1998 it took joint control with mining giant Anglo American of the FirstRand Group, which became the holding company for First Rand Bank, Rand Merchant Bank, and insurance companies Momentum and Southern Life. In 2010 RMB Holdings, the vehicle through which the founders held their investment in the group, unbundled its insurance interests into publicly traded Rand Merchant Insurance Holding (RMI), leaving RMBH with a sole interest of 34% in FirstRand. Much of Ferreira’s spare cash has been spent on his Tokara vineyard and winemaker. He says wine is all about ROE, or “return on ego” rather than on equity. Tokara has nonetheless been a success with the critics, winning gold medals every year in the decade since it started to produce wine under its own label.
Awards and Recognition
Business Leader of the Year | Cape Town Chamber of Business and Die Burger | 2010
This award honours South Africans who made a worldwide impression in their respective fields of expertise.
Best Man: Business | Men’s Health
Non-Executive Chairman – Rand Merchant Bank
1987 – present
Director – Glenrand M.I.B Limited
Director – VenFin Limited
Non-Executive Chairman – RMB Holdings Limited
Lead Independent Non-Executive Director – REMGRO Limited
Trustee – Stellenbosch University 2000 Trust
Managing Director – Rand Merchant Bank
1985 – 1988
Co-Founder – Rand Consolidated Investments
1977 – 1977
Board Member – Open Society of South Africa
Member – Council of the University of Stellenbosch
Member – Council of the Open Society Foundation of South Africa
Bachelor of Commerce
Bachelor of Business Administration ( Honours)
Masters of Business Administration