About Bursar

FirstRand Empowerment Foundation (FREF)

The FirstRand Empowerment Foundation (FREF) was established in 2005 as part of FirstRand Limited’s broad-based black economic empowerment (B-BBEE) transaction

FREF was established as a vehicle through which the founder (FirstRand Limited), in partnership with its empowerment partners (Kagiso Charitable Trust, The WDB Trust, WDB Investment Holdings (Pty) Ltd, the Mineworkers Investment Trust and MIC Financial Holdings (Pty) Ltd) could aim to address inequality in society.

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