Evolution Credit Limited

Trade name	Evolution Group
Formerly	Real People Investment Holdings Limited
Company type	Public
Founded	13 September 1999; 24 years ago (1999-09-13)
Headquarters	Rosebank, Johannesburg South Africa
Key people	Norman Thomson Chairman Neil Grobbelaar Executive director
Revenue	ZAR 839 Million (2019)
Total assets	ZAR 2 Billion (2019)
Number of employees	1,012 (2019)
Website	Homepage

Evolution Credit Limited, previously known as Real People Investment Holdings Limited, is a financial services holding company with its headquarters in Rosebank, South Africa.^[1]

Overview

Evolution Group is a South African-based financial services institution. Its subsidiaries specialise in providing home improvement finance, debt collection services and assurance products. The group has more than 1,000 employees.

History

Evolution Group was incorporated as Real People Group on 13 September 1999. On 21 August 2013 the company converted into a public limited liability company.

As of 31 March 2019^[update], the group has listed bonds on the NASDAQ OMX Stockholm.^[1]

Group Businesses

The companies that compose the Real People Group include, but are not limited, to the following:

• DMC Debt Management (Proprietary) Limited – is a South African debt collection company, trading since 2001. The head office is situated in East London, South Africa.^[2]
• Real People Home Finance (Proprietary) Limited - offers loans up to ZAR 120 000 for customers to spend at over 600 participating hardware stores. The head office is situated in Rosebank, South Africa.^[3]
• Real People Assurance Company Limited – provides individual insurance policies. The head office is situated in East London, South Africa.^[4]

Governance

Evolution Group is governed by a six-person board of directors, Norman Thomson as the chairperson and Neil Grobbelaar as the Group CEO.