News & Media


Black-owned firm buys majority stake in Hollard-backed Lega

The deal forms part of plans by Hollard and its shareholders to encourage greater black participation in SA’s financial services sector.

Sithega, a black-owned and managed investment holding company, has purchased a 62% stake...


Prescient in deal to boost black ownership

Financial management and investment company Prescient has entered into a BEE deal that will boost the company’s black ownership to 69%. It announced on Thursday that it is increasing the interests of both its staff and its strategic BEE partner Sithega...



Sithega Concludes its Acquisition of a Controlling Stake in Prescient Holdings

Sithega, a black-owned and black-run investment holding company, announced today that it had concluded its acquisition of a controlling equity stake in Prescient Holdings, an award-winning global financial services group, after receiving...


Former Liberty Chief Dloti set to shake up asset management

Former Liberty CEO Thabo Dloti, who left after clashing with the board about the insurer’s strategic direction, has made a comeback, with a plan to shake up the asset-management industry in which black participation is still minimal. Investment

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