In October 2017, we acquired a 25.1% stake in Sasfin. Our powerful partnership with Sasfin is an important driver for the future growth of the group and overall economy. As a group that contributes to society by going beyond a bank to enable growth in the business and global wealth of its clients, it is a key investment in realising our vision of the economic empowerment of black women.
The partnership adds significant value and strategic guidance to the organisation, transforming it into one of the country’s most empowered banks from an ownership perspective. It provides us with greater operational presence in the sector; and a platform that can deliver strong returns over the long-term.
Investment name: Sasfin Bank
Rationale for the investment: A strategic investment to participate in the financial services sector.