The Hollard Insurance Group, South Africa’s largest independent insurer, welcomed today’s announcement of the acquisition of a controlling equity stake in award-winning global financial services group, Prescient Holdings, by investment management company, Sithega. The stake was acquired through Sithega’s newly-formed financial services fund, to which Hollard and its majority shareholder, Yellowwoods, have committed R250 million, and in which they are anchor investors. (more…)
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