Empowering people to grow a sustainable future.

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 a controlling interest in Grobank was made by Access Bank. This controlling interest will be bought from GroCapital Holdings. The transaction is currently underway and once fully concluded, this website will be updated.

“we strive for a world free from hunger and malnutrition, where food and agriculture contribute to improving the living standards of all, especially the poorest, in an economically, socially and environmentally sustainable manner”.

- FAO vision

Leadership

In its role as the Bank Controlling Company for Grobank, GroCapital Holdings’ Board of Directors has overall responsibility for the bank, including approving and overseeing management’s implementation of the bank’s strategic objectives, governance framework and corporate culture.

THE GROCAPITAL HOLDINGS BOARD

Mr Patrick Mathidi

Mr Patrick Mathidi

Acting Chairman
Independent Non-Executive
Mr Hercu Bloem

Mr Hercu Bloem

Executive Director
Mr Phakamani Hadebe

Mr Phakamani Hadebe

Independent Non-Executive
Mr Willem Kruger

Mr Willem Kruger

Independent Non-Executive
Miss Fulufhelo Mphuthi

Miss Fulufhelo Mphuthi

Non-Executive; GEPF Nominee
Mr Nhlanhla Nene

Mr Nhlanhla Nene

Independent Non-Executive
Edwin O'Neill

Edwin O'Neill

Non-Executive Director
Mr Roy Shough

Mr Roy Shough

Independent Non-Executive
Mrs Alison Beck

Mrs Alison Beck

Non-Executive Director

Corporate
Shareholding

GroCapital Holdings is owned by Fairfax Africa Investment (Pty) Ltd (48,10%), The Government Employees Pension Fund (25,06%) and AFGRI Holdings (26,84%).
FAIRFAX FINANCIAL HOLDINGS LIMITED
(Listed on the Toronto Stock Exchange)
FAIRFAX AFRICA HOLDINGS CORPORATION
(Listed on the Toronto Stock Exchange)
100%
100%
FAIRFAX AFRICA HOLDINGS
INVESTMENTS LIMITED
70.3%
JOSEPH
INVESTMENTS HOLDINGS
60%
GOVERNMENT EMPLOYEES
PENSION FUND
25,06%
15%
AFGRI HOLDINGS
PROPRIETARY LIMITED
26,84%
FAIRFAX AFRICA INVESTMENTS
PROPRIETARY LIMITED
48,10%
GROCAPITAL HOLDINGS

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12 Byls Bridge Boulevard, Highveld Ext 73, Centurion

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