Alexander Forbes to sell Namibia insurance unit to Momentum
The sale is in line with Alexander Forbes’s intention to dispose of the group’s insurance cluster
14 April 2020 - 13:14
SA’s largest pension fund administrator, Alexander Forbes, has entered into an agreement to dispose the last of its short-term insurance business to Momentum Holdings.
The acquisition, worth R50m, is in line with Alexander Forbes’s intention to dispose of the group’s insurance cluster, the company said in a statement on Tuesday. ..
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