About Mzansi Life & Wealth

Rooted here since 1958.

A JSE-listed South African financial services group, built from a Durban burial society into seven licensed businesses spanning banking, insurance, health, advice and investment.

1958

Founded in Durban

Licensed divisions

210+

Branches & adviser practices

JSE: MLW

Listed since 2001

Who we are

One group, seven licensed businesses

Mzansi Life & Wealth Group Holdings Limited is a JSE-listed financial services group offering banking, life assurance, medical scheme administration, short-term insurance, financial planning and investment management. We operate through seven separately licensed divisions — Mzansi Bank, Mzansi Life, Mzansi Health Administrators, Mzansi Insure, Mzansi Advisors, Mzansi Wealth and Mzansi Investments — each regulated by the appropriate authority for what it does.

Headquartered in Sandton, Gauteng, we serve individuals, businesses and institutions across South Africa through more than 210 branches and adviser practices, including flagship offices in Johannesburg, Cape Town, Durban and Gqeberha.

Our story

From a burial society to a listed group

Nearly seven decades of growth, without losing sight of why we started.

1958

Founded in Durban as Mzansi Mutual Assurance Society, a member-owned burial and life mutual society.

1978

Diversifies into short-term insurance, launching Mzansi Insure to cover fire, motor and household risk.

1993

Establishes Mzansi Health Administrators to administer the newly formed, member-owned Mzansi Health Medical Scheme.

2001

Demutualises and converts to a public company, forming Mzansi Life & Wealth Group Holdings Limited; lists on the JSE under ticker MLW.

2006

Obtains a banking licence and launches Mzansi Bank, moving into transactional banking, home loans and vehicle finance.

2014

Consolidates financial planning and advice into Mzansi Advisors, launches the investment platform today operated by Mzansi Wealth as Prism, and establishes Mzansi Investments as the Group's discretionary asset manager.

Present day

Group head office in Sandton, with a national branch and adviser-practice footprint spanning every major province.

What we do

Seven businesses, one client view

Each division is separately licensed and regulated, but works from the same shared understanding of you.

Mzansi Bank

Everyday banking, home loans and vehicle finance for individuals and businesses.

About Mzansi Bank →

Mzansi Life

Life, funeral, disability and retirement fund cover, underwriting Mzansi's oldest product line.

About Mzansi Life →

Mzansi Health Administrators

Administers the independently governed Mzansi Health Medical Scheme.

About Mzansi Health →

Mzansi Insure

Motor, home and business insurance, plus medical gap cover.

About Mzansi Insure →

Mzansi Advisors

Holistic financial planning and advice, delivered by tied advisers and Mzansi Advisors Franchises.

About Mzansi Advisors →

Mzansi Wealth

Operates Prism, the Group's investment platform, including Prism Advice for advisers and Prism Direct for self-directed investing.

About Mzansi Wealth →

Mzansi Investments

The Group's asset manager. Manufactures unit trusts, model portfolios and institutional mandates, supplied onto Prism alongside external managers.

About Mzansi Investments →

Our strategy

How the seven businesses work together

Each division has its own strategy, but four themes run across the whole Group.

One client, seven relationships

Mzansi Bank refers clients into Mzansi Advisors' advice relationship, which in turn draws on Life, Health, Insure, Wealth and Investments — a single client view, not separate sales efforts.

Compete on our own turf

Prism, the open-architecture investment platform operated by Mzansi Wealth, competes for business from independent advisers, while Mzansi Advisors deepens relationships with its own tied clients — two growth engines feeding Mzansi Investments, the Group's asset manager.

Grow distribution, not just products

Alongside our employed adviser force, the Mzansi Advisors Franchise network lets experienced advisers build their own practices under our licence — expanding our reach without expanding headcount.

Protect the heritage, build the future

Our funeral insurance heritage book anchors the Mass & Foundation segment that founded this Group in 1958, while Advisors, Wealth and Investments grow our presence in the affluent and institutional market.

Purpose & values

Why we're here

“Rooted here. Built for your future.”

Integrity

We disclose how we're paid and where our advice is weighted, every time.

Ubuntu

Founded on families looking after each other — a principle that still shapes how we serve clients.

Accountability

Every division is separately licensed and answers to its own regulator, not just to the Group.

Progress

From a 1958 burial society to a banking licence and an open investment platform — we keep building.

Leadership

Board of Directors

Governance oversight for the Group, led by an independent Chairman.

Beth Sinclair

Independent Non-Executive Chairman

Chairs the Board and its nominations process; over 25 years in South African financial services governance.

Nomvula Radebe

Group Chief Executive Officer, Executive Director

Leads the Group's executive team and sits on the Board as an executive director.

Palesa Mokoena

Group Financial Director, Executive Director

Responsible for Group finance, capital allocation and investor reporting.

Yusuf Adams

Lead Independent Non-Executive Director

Chairs the Audit and Risk Committee; background in banking and prudential regulation.

Thandeka Zulu

Independent Non-Executive Director

Actuarial background; chairs the Group's Social and Ethics Committee.

Willem de Klerk

Independent Non-Executive Director

Former banking executive; serves on the Remuneration Committee.

Leadership

Executive Committee

Day-to-day leadership of the Group, chaired by the Chief Executive Officer.

Nomvula Radebe

Group Chief Executive Officer

Chairs the Executive Committee and sets overall Group strategy and direction.

Palesa Mokoena

Group Financial Director

Oversees Group finance, treasury and financial reporting across all seven divisions.

David Fourie

Group Chief Risk Officer

Oversees enterprise risk, compliance and the Group's relationship with its regulators.

Aisha Patel

Group Chief Technology Officer

Leads Group-wide technology strategy, including the MyMzansi client data platform.

Kagiso Molefe

Group Executive: Distribution & Bancassurance

Owns the referral model between Mzansi Bank and Mzansi Advisors, and the Franchise network's growth.

Charlene Abrahams

Group Executive: Human Capital

Leads people strategy across the Group, including the Associate Advisor Programme.

Transformation

Transformation & B-BBEE

Broad-based transformation is a Group-wide commitment, tracked and reported annually.

Mzansi Life & Wealth Group Holdings Limited is committed to meaningful transformation across ownership, management control, skills development, enterprise and supplier development, and socio-economic development, in line with the Financial Sector Code.

Level 2

B-BBEE contributor status

42%

Black ownership

R38m

Annual skills development spend

Community

Corporate Social Investment

An extension of the principle this Group was founded on in 1958 — families and communities looking after each other.

Financial literacy in schools. Advisers at Mzansi Advisors run free financial literacy workshops in under-resourced high schools, covering budgeting, saving and understanding credit.

Bursaries for actuarial and finance students. The Mzansi Bursary Programme funds tertiary study for students pursuing actuarial science, finance and IT, with a guaranteed graduate placement interview.

Funeral support fund. A small annual fund, tracing directly back to our 1958 origins as a burial society, provides emergency funeral cost assistance to community members with no cover at all.