RCI was co-founded by Paul Harris, Gerrit Ferreira and Lauritz Dippenaar.

[5] In 1987, RMH was found as the holding company for the expanding Rand Merchant Bank.

[8] In the same year, the group founded Discovery Limited along with Adrian Gore as a subsidiary of Momentum Life.

[11] This merger gave rise to First Rand and was listed on the Johannesburg Stock Exchange on May 25, 1998, with Anglo American and RMH owning 20.43% and 25.03% of the authorized capital of FirstRand respectively.

[13] In March 2011, RMH, Remgro and FirstRand entered into an agreement to restructure their insurance assets.

[16]RMB Structured Insurance Limited underwrites customer policy benefits for Prime Meridian Direct (Pty) Ltd.[17] After the RMI Holdings spin-off, the firm remained as a bank holding company.