Passive shareholder in the banking sector in support of business/SME banking, foreign exchange services and alliance banking.

GroCapital Holdings Limited was incorporated in 2017 for the exclusive purpose of acting as the Bank Controlling Company for Grobank (known at the time of acquisition as The South African Bank of Athens).

In September 2018, the Minister of Finance and the Registrar of Banks approved the acquisition of the National Bank of Greece Group’s shares in The South African Bank of Athens (corresponding to 99.81% of the issued share capital of the Bank) and the registration of GroCapital Holdings as a Bank Controlling Company. The Competition Tribunal approved the acquisition.

Subsequently, an offer for the controlling interest in Grobank was made by Access Bank Plc in Nigeria and the controlling interest was attained through a subscription for new shares issued directly by Grobank.

Given the minority interest that GroCapital retains as a passive shareholder in Access Bank SA, it has become a private company, known as GroCapital Holding (Pty) Ltd.

Management

GroCapital Holdings (Pty) Ltd’s board consists of two directors who execute the fiduciary duties of the company.

THE GROCAPITAL HOLDINGS BOARD

Mr Hercu Bloem

Mr Hercu Bloem

Executive Director
Miss Fulufhelo Mphuthi

Miss Fulufhelo Mphuthi

Independent Non-Executive; GEPF Nominee

Corporate
Shareholding

GroCapital Holdings is owned by HPF South Africa Investments Proprietary Limited (48,10%), The Government Employees Pension Fund (25,06%) and AFGRI Holdings (26,84%).
FAIRFAX FINANCIAL HOLDINGS LIMITED
(Listed on the Toronto Stock Exchange)
HELIOS FAIRFAX PARTNERS
(Listed on the Toronto Stock Exchange)
100%
100%
HFP INVESTMENTS LIMITED
74,56%
JOSEPH
INVESTMENTS HOLDINGS
61,94%
GOVERNMENT EMPLOYEES
PENSION FUND
25,06%
15%
AFGRI HOLDINGS
PROPRIETARY LIMITED
26,84%
HFP SOUTH AFRICA INVESTMENTS
PROPRIETARY LIMITED
48,10%
GROCAPITAL HOLDINGS

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12 Byls Bridge Boulevard, Highveld Ext 73, Centurion