Provisional Liquidation order granted against Platfields

Platfields, a suspended platinum aspirant, told shareholders on Thursday a provisional liquidation order had been granted against the company by the Gauteng High Court on December 4, something that had apparently taken the directors completely by surprise.

 

Platfields has run into numerous difficulties and lurched from crisis to crisis. It had told the market in October of highly conditional plans to inject cash into the company through the issuance of shares to the Fin Group Consortium and to lift a JSE suspension due to not filing financial results since August 2013.

Asset Management Coy Liberty broadens Nigeria Plans

Liberty plans to start offering asset management services in Nigeria, the company said in its recently released annual report. It is an initiative that should broaden its offering in the country beyond health insurance.

The plan was to establish a presence in West Africa and be in a position to offer insurance and investment solutions.

Liberty operates in 16 African countries. Its vision for the year 2020 is to be among the top ten insurers in Nigeria and top three in Kenya, BD Live reports.

At the moment, Liberty has only health and asset management capability in Ghana and a health offering in Nigeria.