PSG Financial Services Limited (PSG Financial Services, previously PSG Konsult Limited) is a South African based financial services group, consistently generating approximately 93% of its revenue base from South African based entities. The PSG Financial Services group delivers its services and products by way of three operating divisions, namely PSG Wealth, PSG Asset Management and PSG Insure, with its offering focused on individuals and enterprises ...

The ratings on Windhoek based Letshego Bank Namibia Limited (LBN or the bank), Letshego Micro Financial Services (Namibia) (Pty) Limited (LMFSN) and Letshego Holdings Namibia Limited (LHN) reflect the strengths and weaknesses of the group.

LBN provides banking services to Namibian residents while LMFSN provides short to medium-term unsecured consumer advances to salaried employees of the public and private sectors. LHN is a non-operating holding ...

Lewis Group Limited (Lewis or the group) is one of South Africa’s leading household furniture and electrical appliance retailers in the lower to middle income market. The group houses four trading brands including Lewis, Beares, Best Home & Electric (BH&E) and UFO, offering its customers both cash and credit sale platforms. Listed on the JSE since 2004, Lewis predominantly operates in South Africa, with a ...

Fedhealth was established as an open medical scheme. The scheme is administered by Medscheme. The scheme’s products are categorised into three ranges, which include the low cost option, MyFed. The product ranges cater for market segments at different life stages from comprehensive options like Maxifed, for conservative and sicker members to affordable options such as Flexifed, for young and healthy members.

Fedhealth continues to focus ...

Old Mutual Short-Term Insurance (Botswana) Limited (Old Mutual ST Botswana) started operating in 1994 and is 100% owned by Old Mutual Limited (the group) through Old Mutual Financial Services Botswana (Pty) Ltd, an intermediate non-operating holding company. Old Mutual Financial Services Botswana (Pty) Ltd also holds exclusive interests in Old Mutual Life Insurance Company (Botswana) (Pty) Ltd (Old Mutual Life Botswana) and Old Mutual Investment ...

Bryte Insurance Company Limited (Bryte Insurance) is effectively a wholly owned subsidiary of Bryte Africa Group Limited (BAGL or Bryte group), which has a direct shareholding of 49% and a further 51% through Bryte Holdings South Africa (BH). BAGL is ultimately a 100% owned subsidiary of Fairfax Financial Holdings Limited (Fairfax). A Black Economic Empowerment transaction was concluded in February 2019 resulting in the transfer ...

Standard Chartered Bank of Zimbabwe Limited is a fully owned subsidiary of Standard Chartered ‘the group.’ Its impact on the group’s assets and revenues is minimal and lacks significance. Consequently, the bank is not deemed essential or central to the group’s operations. This leads to the bank’s ratings being determined solely on its independent credit profile. Additionally, we have excluded any potential uplift from group ...

New National Assurance Company Limited (NNAC) was founded in 1930 when one of the subcontinent’s largest
insurers, New India Assurance Company, established a branch in Natal. During the apartheid era, a group of black
businessmen took over the ownership and running of the company, which was formally incorporated in 1971 as the
New India Assurance Company of South Africa. Reflecting changing political realities that swept through the country
from ...