Lion of Africa Insurance Company Limited (Lion) is an accredited financial services provider licensed by the Financial Services Board (FSB). We are the only South African short-term (non-life) insurer to achieve a level 1 B-BBEE status. We are a leading insurer of property and liability, with a proven track record. Our prestigious list of public sector clients includes 6 of the 8 South African metropolitan municipalities. We are also a preferred insurer for Small and Medium Enterprises (SMEs).

Lion of Africa Insurances commitment to its clients and partners is captured in the brand promise: Insuring South Africa’s Future. Our strength lies in our ability to adapt quickly to changing customer needs and by providing risk management solutions which are aimed at ensuring future economic prosperity.

OUR VALUE PROPOSITION

We pride ourselves in offering fast, efficient and effective service.

OUR BUSINESS PHILOSOPHY

Our business philosophy is centred on the following:

  • Quality insurance, providing a seamless client service experience
  • Building and developing the economy
  • Transformation and empowerment ethos
  • Ensuring that the future of South Africa is secured

OUR BRAND ESSENCE

EMPOWERMENT
Lion of Africa Insurance represents the success of a true South Africa brand. Our Level 1 B-BBEE status demonstrates our commitment to employment equity, skills development, preferential procurement, enterprise and supplier development as well as socio-economic development. With a proven track record spanning nearly 20 years, we believe in the strength of our people and brand, and are proud of our achievements.
PARTNERSHIP
We believe that collaboration and success go hand in hand. It is only by working together that we can take South Africa forward. Insuring South Africa’s infrastructure is a shared responsibility, one that is integral to its continued growth. This affects every business, every community, and every citizen equally. We take responsibility for South Africa’s success, as well as our own.
AGILITY
We are modern, energetic and driven. We rise to the challenges of the present and adapt our offering to take advantage of new opportunities. We are nimble and effective in our dealings. We are constantly monitoring market trends and anticipating the future needs of South Africa and responding pro-actively.

OUR CLASSES OF BUSINESS

Our main classes of business include:

  • Public Sector Insurance
  • Commercial Insurance for small and medium enterprises (SMEs)
  • Marine Insurance
  • Engineering Insurance

OUR CULTURE

We embrace diversity and teamwork that fosters a culture of sharing knowledge, thereby allowing our people to be innovative in crafting solutions for our stakeholders.

OUR VALUES

We are defined by fundamental beliefs and standards that embrace transparency in all our dealings, and being accountable and responsible in providing service excellence with integrity and respect.

OUR VISION

We aspire to be the preferred insurance partner within our chosen markets.

OUR MISSION

We are determined to provide reliable and innovative insurance solutions to our customers, offering them the best service at an affordable cost. Consequently, we create success for our stakeholders by living our values as well as contributing to the communities we serve.

Lion of Africa Insurance has specialists in designing and developing bespoke insurance solutions which can be delivered through intermediated channels of choice supported by seamless processes, offering quality and convenience in service delivery.

  • Exco – 60% males and 40% females. EE ratio is 70% black and 30% white.
  • Senior Managers – 40% male and 60% female. EE ratio is 60% black and 40% white.
  • Junior Managers – 100% female and 100% white.
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BONGANI MADIKIZA

(CHIEF EXECUTIVE OFFICER)

BONGANI MADIKIZA
Bongani is the Chief Executive Officer for Lion of Africa Insurance, he has held various senior positions at Old Mutual prior to joining Lion of Africa Insurance, most recently as the Managing Director of the Old Mutual Mass Foundation Cluster. He has also held the post of Managing Director of Old Mutual Corporate. His tenure at Old Mutual was interrupted by a stint at Lekana Employee Benefits where he was responsible for managing their administration portfolio.
ANEES VAZEER

(CHIEF FINANCIAL OFFICER)

ANEES VAZEER
Anees is a qualified Chartered Accountant with over 20 years’ experience in the insurance industry and holds a BCom degree and SAICA affiliation. He has held various leadership roles, both at a strategic and operational level. He was the Managing Director of Nedgroup Insurance. Anees has occupied the CFO position at Bancassurance and Wealth (Nedbank Retail), SA Eagle Insurance Company and at Zurich Insurance South Africa. He was also General Manager: Finance at Absa Insurance Company and Divisional Manager of Finance and Strategy at Munich Reinsurance Company of Africa Ltd.
SHARON MACKAY-SIKHOSANA

(EXECUTIVE: PUBLIC SECTOR)

SHARON MACKAY-SIKHOSANA
Sharon holds a BA (Law) degree, B. Proc degree as well as a Management Advancement Programme (MAP) qualification. After completing her articles of clerkship as a candidate attorney, she joined the Gauteng Provincial Government as a Deputy Director in the areas of policy and legislation formulation and drafting. She has also consulted for numerous state owned enterprises in the areas of risk management, policy and legislation formulation, procurement and insurance. Sharon also managed the operations of the Land Bank Insurance Company as its insurance manager for four years, worked for Old Mutual Employee Benefits as an account executive and also managed her own insurance brokerage and consultancy for nearly 7 years.
PAUL GOODALL

(NATIONAL MANAGER: TECHNICAL UNDERWRITER AND REINSURANCE)

PAUL GOODALL
Paul has been a short-term insurance practitioner for more than 40 years and has Fellowship Affiliation with IISA and CIA. Prior to joining Lion, he was the Reinsurance Broking Executive at Willis Re. He has also held positions at Regent Insurance as the Reinsurance Manager, Senior Treaty Broker with Aon Benfield, Property & Engineering Products Manager, AIG, Underwriting & Reinsurance Manager Allianz SA and has held other technical leadership roles within the insurance industry.
LEBOHANG MEHALANE

(MANAGER: HUMAN RESOURCES)

LEBOHANG MEHALANE
Lebohang holds a BA Honours Degree in Industrial Sociology, a Higher Certificate in HR Management and a Higher Certificate in Education, Training and Development as well as having completed the Senior Leader Development Programme. She has extensive Human Resources (HR) development experience within the financial services sector. She worked for Nedbank Financial Planning, Old Mutual Broker Distribution and Liberty Life as a Training Manager, Learning Performance Consultant and Training Specialist respectively. Prior to entering the financial services sector, she worked as HR Officer for the now Ekurhuleni municipality.
TERTIUS NEL

(MANAGER: BUSINESS SUPPORT)

TERIUS NEL
Tertius has an Honors Degree in Computer Science Engineering. Prior to joining Lion of Africa Insurance he was contracted in the capacity of a consultant. His experience ranges from being a Developer to a Solution Architect in the IT insurance industry and has worked for 11 years for some of the larger insurance companies in South Africa and Africa.
NEIL PATHER

(EXECUTIVE: BUSINESS DEVELOPMENT)

NEIL PATHER
Neil Pather holds a Diploma in Criminal Justice and Auditing, RE1 & RE5 credentials as well as having completed other insurance-related studies. Neil has over 30 years of experience in the short-term insurance industry. His experience spans various insurance disciplines such as underwriting, claims, sales and marketing, finance, auditing, IT, Cell Captives and executive management. Neil has led teams in institutions such as General Accident Insurance Company, Aegis Insurance Company, Guardian National Insurance Company, Guardrisk Insurance Company Ltd, 4th Dimension Risk Management as well as Monitor Affinity (Pty) Ltd at executive level.
LIEZEL VAN JAARSVELD

(HEAD OF CLAIMS)

LIEZEL VAN JAARSVELD
Liezel holds a BProc degree as well as a Certificate in Foundation Management Programme (FMP). She has extensive claims experience where she filled various roles within the insurance industry over the past 20 years. Her previous role was at Old Mutual iWyze as Head of Claims where she was responsible for Claims, Client Experience and IT.
GCOBISILE RASMENI

(MANAGER: GOVERNANCE, RISK AND COMPLIANCE)

GCOBISILE RASMENI
Gcobisile holds a BCom Degree, Diploma in Business Analysis, Management Advancement Programme (MAP), Certified Internal Auditor (CIA), Postgraduate Certificate in Control Self-Assessment (CCSA), Certified Information Security Manager (CISM) and an MBA Degree. He also has a qualification certificate in RE1 and RE5. He has extensive work experience in financial institutions both in South Africa and abroad, developing and implementing risk management frameworks such as internal controls over financial reporting. His previous role was with FNB, working as a Risk Manager for the CIO Office, Central Finance and Procurement IT Transformation. He also served as a member of Audit & Risk Committees for a District Municipality, two Local Municipalities and a Development Agency.
FRED ROBERTSON
FRED ROBERTSON
Fred serves as Executive Chairman of Brimstone Investment Corporation Ltd, a company which he co-founded in 1995. His non-executive chairmanships include Lion of Africa Insurance Company Limited, Lion of Africa Life Assurance Company Limited, Sea Harvest Limited, Novus Holdings Limited, and House of Monatic (Pty) Ltd. He also serves as non-executive director on the boards of Remgro Limited, Aon Re Africa (Pty) Limited, Old Mutual Emerging Markets Limited, Swiss Re South Africa and ASX-listed Mareterram Ltd. Fred’s trusteeships and patronages include Chairman of the Board of Trustees of the University of the Western Cape Foundation, Interim Chairman of the Jakes Gerwel Foundation, Member of the Cape Peninsula University of Technology Entrepreneurship Advisory Board, Trustee of the Masizizane Fund, Patron to the South African Academy for Young Leaders, and Patron to the Youth Unemployment Peoples Project. In April 2016, Fred was conferred an Honorary Doctorate in Philosophy by the University of the Western Cape.
MUSTAQ BREY
MUSTAQ BREY
Mustaq serves as Chief Executive Officer of Brimstone Investment Corporation Ltd, a company which he co-founded in 1995. A qualified Chartered Accountant by profession, he currently serves as the Chairman of the Oceana Group Ltd, Life Healthcare Ltd and International Frontier Technologies SOC Ltd. He also serves on the boards of AON Re SA (Pty) Ltd, Lion of Africa Insurance Company Ltd, and House of Monatic (Pty) Ltd. He serves on and chairs various board committees including the audit committee of the Mandela Rhodes Foundation. Mustaq is an independent Director and Chairman of the finance committee of Western Province Cricket Association. He is also a Trustee of the Jakes Gerwel Foundation. He has an unwavering passion for uplifting communities and this is the golden thread that connects his business and personal life. He is the founder of the Saabri & Ashrafi Relief Fund.
KARI ANN LAGLER
KARI ANN LAGLER
Kari is a qualified Chartered Accountant with 25 years of experience in the financial services industry. Kari completed her accounting articles with KPMG and registered with the South African Institute of Chartered Accountants in 1995. She obtained a BCom Honours degree in Taxation from the University of Cape Town in 1996. Kari’s early career saw her gaining valuable experience in the financial services industry with KPMG in Cape Town and London, culminating in her appointment as Tax Partner in 1999. Subsequently she joined the Old Mutual group as a tax specialist as well as in broader senior management roles which led to her interest in governance and policy matters. More recently, as an independent Consultant and Director, Kari has consulted to National Treasury and the private sector and served in various positions on Boards, as well as public Funds and private Trusts.
LOGAN WORT
LOGAN WORT

Logan holds a Master’s Degree in Public Administration from the University of the Western Cape. He is the Executive Secretary of African Tax Administration Forum (ATAF), a multi-lateral organisation of the Heads of African Revenue Administrations. He is responsible for managing the business of ATAF aimed at building strong and capable tax administrations in Africa. Logan is a Group Executive at the South African Revenue Service. Prior to being appointed as the Head of ATAF, he was responsible for the organisation's strategic engagements with business, government and international affairs. During this time, he also managed the Communication and Marketing division.

Prior to working at SARS, Logan occupied the position of Chief Operating Officer at the South African National Treasury. His previous position included being responsible for strategic positioning, management coordination and risk management within the Ministry of Finance, where he was spokesperson for the South African Minister of Finance for eight years. He also served as the Director of the Finance and Investment Sector Coordinating Unit of the Southern African Development Community (SADC).

BONGANI MADIKIZA
BONGANI MADIKIZA
Bongani is the Chief Executive Officer for Lion of Africa Insurance, he has held various senior positions at Old Mutual prior to joining Lion of Africa Insurance, most recently as the Managing Director of the Old Mutual Mass Foundation Cluster. He has also held the post of Managing Director of Old Mutual Corporate. His tenure at Old Mutual was interrupted by a stint at Lekana Employee Benefits where he was responsible for managing their administration portfolio.
ANEES VAZEER
ANEES VAZEER
Anees is a qualified Chartered Accountant with over 20 years’ experience in the insurance industry and holds a BCom degree and SAICA affiliation. He has held various leadership roles, both at a strategic and operational level. He was the Managing Director of Nedgroup Insurance. Anees has occupied the CFO position at Bancassurance and Wealth (Nedbank Retail), SA Eagle Insurance Company and at Zurich Insurance South Africa. He was also General Manager: Finance at Absa Insurance Company and Divisional Manager of Finance and Strategy at Munich Reinsurance Company of Africa Ltd.
IQBAL KHAN
IQBAL KHAN
Iqbal is a qualified Chartered Accountant and a former partner of Ernst & Young where he spent over 10 years. Iqbal re-joined the Brimstone Investment Corporation team after spending two years as Chief Operating Officer at Old Mutual Investment Group. He is currently an independent Non-Executive Director of Cricket SA.
TSHWARELO MOUTLANE
TSHWARELO MOUTLANE
Tshwarelo is a qualified Chartered Accountant and serves as an independent Non-Executive Director on the Lion of Africa Insurance board and audit committee. She has extensive experience in audit, advisory, risk management and governance, as well as banking experience acquired locally and internationally with the Standard Bank group and Deloitte. She studied BCom Information Systems as well as BCompt Accounting Science at Unisa and holds a Postgraduate Diploma in Auditing from UCT and RAU.

BRIMSTONE INVESTMENT CORPORATION LIMITED (SHAREHOLDER)

Lion of Africa Insurance is 100% owned by JSE-listed Brimstone Investment Corporation Limited.

Brimstone is a black controlled and managed investment company incorporated and domiciled in the Republic of South Africa, employing in excess of 3 500 employees in its subsidiaries and in excess of 24 000 in its associates and investments.

Brimstone was founded in 1995 with initial capital of R3.5million and has a stellar track record over the period. Its total assets at 31 December 2016 was reported at R7.6billion. Brimstone’s intrinsic net asset value at 31 December 2016 was R5.1billion. It reported revenue of R2.7billion and operating profit of R459million for the 2016 financial year. It has a track record of paying dividends consecutively for the past 15 years.

Brimstone seeks to be profitable, empowering and to have a positive social impact on the businesses and the individuals with whom it is involved, including shareholders, employees, suppliers, customers and the greater community.

Brimstone aims to achieve above average returns for its shareholders by investing in wealth creating businesses and entering into strategic alliances to which it contributes capital, innovative ideas, management expertise, impeccable empowerment credentials and a values driven corporate identity.

Brimstone has awarded shares to 29 NGO’s and PBO’s who now collectively hold more than 1.6million Brimstone shares. The market value of these shares as at 31 December 2016 was in excess of R19 million. These shareholders support more than 3.5 million beneficiaries across South Africa.

Brimstone maintains a long-term view on its underlying investments and will continue to focus on its preferred sectors of food, healthcare and financial services. It has a solid track record of delivering shareholder value and making consistent distributions to shareholders.

Brimstone’s other investments include stakes in Sea Harvest, Oceana Group, Tiger Brands, Aon Re Africa, Life Healthcare, Grindrod, and Equites.

SUPPLIERS

Lion of Africa Insurance is committed to the transformation of our country and economy so the core focus of our procurement spend is on enhancing and optimising B-BBEE opportunities.

Our aim is to develop a supplier network taking the following into consideration, amongst other factors:

  • Ability to perform the required service adequately
  • Alignment with our procurement strategy to enhance B-BBEE
  • Maturity, reliability, performance, scalability and cost effectiveness of the services offered
  • Ability to assist us in ensuring that our clients are always treated fairly and receive the best possible service at all times

BROKERS AND INTERMEDIARIES

Brokers and intermediaries act as spokespeople and ambassadors for our brand. They are critical to the effective communication between our business and clients. Our business partnership is with independent brokers and national brokers.

INDUSTRY REGULATORS

These are different bodies established by statute to oversee the South African Non-Banking Financial Service Industry, Insurance Industry in the public interest. They ensure compliance by insurance/reinsurance companies, protect consumers and promote a high degree of security for policyholders. There are also representative bodies of the short-term insurance industry, which ensure adherence to best-practice industry standards and self-regulation.

BLACK ECONOMIC EMPOWERMENT

Lion of Africa Insurance is committed to the transformation of our country and economy on enhancing and optimising B-BBEE opportunities.

It should be noted that:

  • As a major municipal insurer, Lion of Africa Insurance is committed to ensuring that our suppliers support the economies of the municipalities we provide insurance services to.
  • The new Preferential Procurement Regulations, 2017 offers opportunities to partner with small black businesses.
  • Lion of Africa Insurance is more than a Level 1 B-BBEE company: it represents the success of a black-owned South African company that it truly empowered and Lion of Africa Insurance plays a key role in empowerment of black brokers.

BEE Certificate

OUR STORY

The Lion of Africa Insurance story is one of success, one that we share with every South African. Forged amidst the struggles of South Africa’s turbulent past, we are strong, focused and ready to embrace a prosperous new future. We respect the past, but are not held back by it. We create new solutions to historically entrenched challenges. We celebrate how far our country has come and we build on this to create a future founded on even greater prosperity. It is this pioneering spirit that drives South Africa forward, transforming, empowering and leading our country towards ongoing success.

OUR COMMUNITIES

Our social vision is to invest in South Africa’s economic transformation by contributing to education, enterprise development and skills creation. Transformation is a belief system not a score card, thus Corporate Social Investment is at the core of our business strategy and operations.

While government can create the regulatory environment, it would be wrong to believe that the state should also carry the burden of redistribution. An over-encumbered public sector that attempts to create the required jobs will result in significantly higher taxes and become a drain on the overall economy. The private sector is best suited to fulfil this role and at Lion of Africa Insurance, we are making every effort to drive socio-economic transformation.

OUR CSI PROJECTS:

Health
Mina – Happy Period (Menstrual cup)

The harsh reality is that 60% of girls and women on our continent are missing out on their education and work because they cannot afford any sanitary products. This results in improper hygiene practices that leads to severe health concerns and infections.

Lion of Africa insurance purchased 250 cups from Mina to assist in distributing the menstrual cup together with Mina Journal and facilitation to school and communities. This will contribute significantly to keeping our young girls in school, motivating them to study further and become champions in their communities. By doing so, we aim to reach all women and girls in the most poverty stricken areas and most rural villages.

Yabonga Aids Development Program

Yabonga aims to create an effective, sustainable model of care providing education, support and skills training to HIV-positive women and men to effect positive change in the lives of their families and communities.

Itheko Community Athletic Club – Healthy Lifestyle

The Lion of Africa Itheko Community Athletic club was set up to promote a healthy lifestyle through running, by introducing the activity to broader communities. In addition to being the only running club that specifically caters for people who have never participated in any kind of sport before, the club also has a squad of high performing athletes who inspire club members and further improve the image of the club.

In its few years of existence, the club has become the second largest of the 80 running clubs in the Western Province Athletics (WPA), with a growing membership in excess of more than 900 members.

Skills Development

Our intervention in this area seeks to ensure job placement or to increase the capacity of projects to create sustainable jobs as well as to empower HIV-positive people to effect positive change in the lives of their children, families and the communities where they live. The initiative is based on the principles of positive living, personal development and income generation.

Education

Lion of Africa Insurance specifically chooses to support those initiatives that build excellence in the teaching and learning of Mathematics, Science and Technology to ensure that the percentage of learners passing these subjects – which are foundations for scarce skills – is greatly enhanced. Our interventions are school based and are intended to address the following impediments to an effective schooling system:

Fees for a student to attend the Academy of Mathematics, Science and Technology (via Spartan Harriers)

Lion of Africa Insurance has sponsored the premier half marathon race on the Cape Town running calendar since 2006. As a consequence, the race has grown from 400 participants in 2006 to over 5,000 athletes participating in 2017. The Lion of Africa Half Marathon has become a festival of running and now includes a half marathon, a 10 kilometre run, a 10 kilometre “Philip Rabinowitz” walk (in honour of the legendary Spartan Harriers club member who passed away at the age 104 in February 2008) and, for the not so fit, a five kilometre fun run/walk.

As a result of the growth, Spartan Harriers, the organising club, contributes to the payment of school fees for a student at the Academy of Mathematics, Science and Technology. The Academy was established to give talented students from the previously disadvantaged communities an opportunity to progress to the highest academic levels.

The sponsorship also supports a development programme in Spartan Harriers whereby 47 underprivileged children from the nearby informal settlement of Masiphumelele, receive financial assistance. The club also supports other indigent and/or disadvantaged members.

Our People

OUR EMPLOYEE VALUE PROPOSITION (EVP)

At the heart of its strategic success lies Lion of Africa Insurance’s most prized possession, its people. Lion of Africa Insurance believes that staff development and learning should be an integral part of the organisation’s strategic planning so that staff can perform their individual jobs effectively and, in doing so, ensure that the organisation achieves its objectives. Lion provides this through multiple ways, namely:

Learning and development, as well as performance management

  • The company funds learning that is geared towards upskilling and cross-skilling our people through internal and external learning interventions offered by reputable learning institutions and other accredited service providers. Our internal interventions encompass both FAIS training and job-specific training.
  • Career mapping that fosters both horizontal and vertical staff movement in terms of individual development.
  • Talent management through carefully planned and managed business continuity plans for all key areas of the business. We pride ourselves in developing from within.
  • A rigorous performance management process that is aligned to key strategic drivers and a flexible remuneration model that offers both short-term and long-term incentives that are aligned to performance.

SOUND HR MANAGEMENT PRINCIPLES

Ensuring a healthy, happy organisation is key to Lion of Africa Insurance’s Human Resources strategy. The organisation continuously strives to build a culture that is characterised by open and transparent two-way communication and a supportive management team.

We have partnered with various service providers who help us support our employees through all life events ranging from healthcare, emotional and psychological support, to labour relations and other issues that may become hindrances to their wellness. Our employees are our family, our PRIDE.

CAREERS AT LION OF AFRICA INSURANCE

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