It’s been over two decades in the making, but Standard Bank’s long-awaited tilt at Liberty is still no guarantee that the bank and the insurer will, finally, be better together.

After all, it’s the "special relationship" that began 38 years ago — when Standard Bank CEO Henri de Villiers first joined the board of Donald Gordon’s 1957 start-up — that is partly responsible for Liberty losing its way against its peers...

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