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Background information

1950s

  • Price Forbes Life and Pension Brokers is established (known as South Africa Financial Services) ​

1980s

  • The establishment of Negotiated Benefits division pioneering worker participating and trustee training in retirement funds ​

1990s

  • Guardrisk, the world’s first cell captive insurer established
  • Investment Solutions, South Africa’s largest multi-manager is established
  • Purchase of Nelson Hurst plc in the UK
  • Alexander Forbes listed on the JSE Limited
  • Change of name for a common worldwide entity to Alexander Forbes ​

2000s

  • A number of BEE initiatives undertaken.
  • The first financial services company in SA to sell a portion of its business to a BEE consortium, led by Cyril Ramaphosa’s Shanduka group
  • Purchase of 60% of actuarial partnership in the UK and Europe, Lane Clark & Peacock
  • Sale of International Alexander Forbes Risk Services ​

2002

  • The first financial services company in SA to sell a portion of its business to a BEE consortium, led by Cyril Ramaphosa’s Shanduka group.​ 

2003

  • Purchase of 60% of actuarial partnership in the UK and Europe, Lane Clark & Peacock​

​2005

  • Sale of International Alexander Forbes Risk Services​

​2007

  • 26 July 2007: Sale of Alexander Forbes Limited to a private equity consortium led by Actis.
  • 26,5% of the company remains listed on the JSE Limited as Alexander Forbes Preference Share Investments Limited. 

2008

  • 26,5% of the company remains listed on the JSE Limited as Alexander Forbes Preference Share Investments Limited​

2009

  • Successful implementation of staff equity scheme
  • Year of consolidation:
  • First full year under private equity ownership

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