Liberty Holdings Limited: Difference between revisions
No edit summary |
No edit summary |
||
| Line 23: | Line 23: | ||
The company's expansion occurred through the introduction of innovative retirement annuities (since 1960), the development and management of major shopping malls, luxury hotels and high-grade office complexes commencing in 1975 with the Sandton City precinct in Johannesburg, <ref> name="Dream of the past book">{{cite book|title=Dreams of the past become realities of the future—Sandton City|publisher=Wisdom Keys Group|isbn=978-0-620-51612-9}}</ref> universal life products (since 1983), fully-underwritten medical insurance (since 1991) and pay-on-delivery investment products (since 2012). |
The company's expansion occurred through the introduction of innovative retirement annuities (since 1960), the development and management of major shopping malls, luxury hotels and high-grade office complexes commencing in 1975 with the Sandton City precinct in Johannesburg, <ref> name="Dream of the past book">{{cite book|title=Dreams of the past become realities of the future—Sandton City|publisher=Wisdom Keys Group|isbn=978-0-620-51612-9}}</ref> universal life products (since 1983), fully-underwritten medical insurance (since 1991) and pay-on-delivery investment products (since 2012). |
||
It was the first life assurer to list on the Johannesburg Stock Exchange (JSE) in 1962.<ref name="Ken Romain">{{cite book|last=Romain|first=Ken|title=Larger Than Life, Donald Gordon and the Liberty Life Story|date=1989|publisher=Jonathan Ball publishers}}</ref> Consequent to the company's unbundling from its associated British and South African companies, Liberty Group Limited (also associated with Liberty Holdings Limited) listed on the JSE in 1999—the same year that Standard Bank acquired 53.6% of the company. <ref>{{cite book|last=Leadership Magazine|first=Special entrepreneur edition|title=Sir Strenue, The (Liberty) life and times of Donald Gordon|date=2012|page=326}}</ref> |
It was the first life assurer to list on the Johannesburg Stock Exchange (JSE) in 1962.<ref name="Ken Romain">{{cite book|last=Romain|first=Ken|title=Larger Than Life, Donald Gordon and the Liberty Life Story|date=1989|publisher=Jonathan Ball publishers}}</ref> Consequent to the company's unbundling from its associated British and South African companies, Liberty Group Limited (also associated with Liberty Holdings Limited) listed on the JSE in 1999—the same year that Standard Bank acquired 53.6% of the company. <ref>{{cite book|last=Leadership Magazine|first=Special entrepreneur edition|title=Sir Strenue, The (Liberty) life and times of Donald Gordon|date=2012|page=326}}</ref> |
||
Standard Bank has retained a majority equity stake in Liberty Holdings Limited since then. In 2009, Liberty Holdings Ltd became the sole listed entry-point for investors when Liberty Group Ltd delisted from the JSE. |
Standard Bank has retained a majority equity stake in Liberty Holdings Limited since then. In 2009, Liberty Holdings Ltd became the sole listed entry-point for investors when Liberty Group Ltd delisted from the JSE. Since December 2016, the company effectively owns a majority stake in JSE-listed Liberty Two Degrees (JSE: L2D) - a diversified South African Real Estate Investment Trust which owns some of the African continent's most valuable commercial properties. |
||
== African Operations (Liberty Africa Insurance) == |
== African Operations (Liberty Africa Insurance) == |
||
Revision as of 09:34, 10 June 2017
 | |
| Company type | Public company |
|---|---|
| Industry | Financial Services |
| Founded | 1957 |
| Headquarters | Johannesburg,South Africa |
Key people | David Munro (Group Chief Executive), appointed 2017 |
| Website | http://www.libertyholdings.co.za |
Liberty Holdings Limited (JSE: LBH) is a pan-African financial services company with headquarters situated in Johannesburg, South Africa. Founded in South Africa as the Liberty Life Association of Africa Ltd by entrepreneur and philanthropist Sir Donald Gordon in 1957, the company's Assets Under Management have grown to ZAR 676 billion (as at 31 December 2016 and excluding inter-group Life Funds).
Development
The company's expansion occurred through the introduction of innovative retirement annuities (since 1960), the development and management of major shopping malls, luxury hotels and high-grade office complexes commencing in 1975 with the Sandton City precinct in Johannesburg, [1] universal life products (since 1983), fully-underwritten medical insurance (since 1991) and pay-on-delivery investment products (since 2012). It was the first life assurer to list on the Johannesburg Stock Exchange (JSE) in 1962.[2] Consequent to the company's unbundling from its associated British and South African companies, Liberty Group Limited (also associated with Liberty Holdings Limited) listed on the JSE in 1999—the same year that Standard Bank acquired 53.6% of the company. [3] Standard Bank has retained a majority equity stake in Liberty Holdings Limited since then. In 2009, Liberty Holdings Ltd became the sole listed entry-point for investors when Liberty Group Ltd delisted from the JSE. Since December 2016, the company effectively owns a majority stake in JSE-listed Liberty Two Degrees (JSE: L2D) - a diversified South African Real Estate Investment Trust which owns some of the African continent's most valuable commercial properties.
African Operations (Liberty Africa Insurance)
In 2011, the group acquired Liberty Kenya Holdings, consisting of CfC Life (Life insurance) and Heritage Insurance (short–term insurance) in Kenya, which has subsequently been re-branded to Liberty Life Assurance Kenya Limited.
References
- ^ name="Dream of the past book">Dreams of the past become realities of the future—Sandton City. Wisdom Keys Group. ISBN 978-0-620-51612-9.
- ^ Romain, Ken (1989). Larger Than Life, Donald Gordon and the Liberty Life Story. Jonathan Ball publishers.
- ^ Leadership Magazine, Special entrepreneur edition (2012). Sir Strenue, The (Liberty) life and times of Donald Gordon. p. 326.
External links
1. http://www.libertyholdings.co.za 2. http://www.liberty.co.za 3. http://www.liberty2degrees.co.za/