Shareholders

Hannover Reinsurance Group Africa (Pty) Limited

Founded more than 50 years ago, Hannover Re Group Africa has developed into one of Africa's largest reinsurers.

In 2000 Hannover Re Germany became the 100% shareholder. Hannover Re Africa has emerged as a diversified reinsurance group, combining the security and expertise of European reinsurance professionals with traditional South African values. Its strong South African based premium income base has been expanded to include business from various Sub-Saharan African countries.

Hannover Re Africa is a leading provider of reinsurance capacity to specialist underwriting managers. Through Lireas Holdings, Hannover Re generates almost 60% of its premium from these underwriting agencies.
Hannover Re Africa sold 49% of its shareholding in Lireas Holdings (Pty) Ltd to Mahogany Private Equity (Pty) Ltd in 2005.


Mahogany Private Equity

Mahogany is an investment company with a successful track record in concluding investment transactions and managing its portfolio to ensure value creation. Mahogany seeks to partner with company management with the ethos of paying fair value for its acquisitions and promoting fairness for all shareholders through alignment of interest.

Mahogany is driven by a team of professionals who are passionate about what they do and who possess significant experience to execute investments, whether via leveraged buy-outs, through expansion capital or for strategic BEE reasons as a result of our black female owned and control empowerment profile.

Mahogany is invested in the following companies: Lireas Holdings, Avlock International, Clear Edge Filtration, DHL Global Forwarding, Fabricated Steel Manufacturing Company and Vanderlande Industries.
Mahogany further invests in the future of our country through the Mahogany Capital Trust, a broad based education trust established to assist previously disadvantaged individuals.