Safika Investments

AUM : $180 million

Safika Holdings (PTY) Limited is a South African investment holding company headed by Nelson Mandela’s fellow political prisoners Sakumzi ‘Saki’ Macozoma and Moss Ngoasheng, founded in 1995.

In 2003, when the South African government decreed that major businesses must ensure a certain percentage of their shareholding be held by black people[1] Safika became the preferred Black Economic Empowerment (BEE) partner for a number of prominent South African companies. Their head office is in Johannesburg.

Safika has interests in financial services, mining, transport, manufacturing, human resources, media, gaming and technology. The company has close ties with the Standard Bank Group, Africa’s largest banking group by assets and earnings and with Liberty Holdings, a leading South African-based assurance conglomerate that has operations in 15 African countries. In 2004 Standard and Liberty took shares in Safika which in turn acquired stakes in Standard and Liberty. In 2005 Standard increased its shareholding in Safika to 20 per cent.

Areas of Expertise

Financial services, mining, agriculture, transport, telecommunications, aerospace, education and health.