Liberty Holdings Limited
 | |
| 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
Since its founding, the company's expansion occurred through the introduction of innovative retirement annuities (since 1960), the development and management of major shopping centres commencing with Sandton City in Johannesburg (since 1975),[1] universal life products (since 1983), fully-underwritten medical insurance (since 1991) and pay-on-delivery investment products (since 2012). The company listed on the Johannesburg Stock Exchange (JSE) in 1962. This was the first listing of a life assurance company in the history of the JSE.[2] Consequent to the company's unbundling, Liberty Group Limited (associated with Liberty Holdings Limited) listed on the JSE in 1999—the same year that Standard Bank acquired 53.6% of the company [3] In 2009, Liberty Holdings Ltd became the sole listed entry-point for investors when Liberty Group Ltd delisted from the JSE. The company owns a majority stake in JSE-listed Liberty Two Degrees (JSE: L2D) - a diversified South African Real Estate Investment Trust (since December 2016).
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
- ^ 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