Liberty Holdings

Standard Bank Tightens Grip on Liberty After Row With CEO

Posted on by The Editorial Team
Standard Bank Tightens Grip on Liberty After Row With CEO

JOHANNESBURG (Capital Markets in Africa) – History is repeating itself at the insurer controlled by Africa’s largest bank by assets. Standard Bank Group Limited on Tuesday announced that its head of investment banking will take over as chief executive officer of Liberty Holdings Limited in an effort to end the drag that the Johannesburg-based insurer is having on profit. The deployment of David Munro to the post comes after the abrupt departure of Thabo Dloti following a bust-up with his…

Read More

Liberty Drops Most Since 2009 as Profit Falls More Than Expected

Posted on by The Editorial Team
Liberty Drops Most Since 2009 as Profit Falls More Than Expected

JOHANNESBURG (Capital Markets in Africa) – Liberty Holdings Ltd. slumped the most since April 2009 after the South African insurer said full-year profit tumbled more than analysts expected. The stock slid almost 12 percent to 109.90 rand as of 3:05 p.m. on Friday in Johannesburg, the biggest decline of 162 securities on the FTSE/JSE Africa All Share Index. Volumes traded in Liberty soared, reaching 2.7 times the daily average over the past three months. Earnings per share for…

Read More