Libhold plans to rationalise licences
According to Business Day, Libhold will rationalise four life licences into one, a move that will save the insurer approximately R20 million annually. Liberty has four licences registered, including Capital Alliance, Liberty Growth and Liberty Active. The South Gauteng High Court approved Libhold's plans to rationalise the life licences at the end of August. Liberty Retail CEO, Steve Braudo, commented that Libhold "will now have one life licence."