Our Commitment

At New Era Life, we believe that investor confidence and policyholder protection are inseparable.
As a licensed insurer and authorised Financial Services Provider (FSP), we operate within South Africa’s Twin Peaks regulatory framework — ensuring both prudential soundness and market conduct compliance.

Our goal: To create long-term value for shareholders, while safeguarding every policyholder we serve.

Corporate Governance

We uphold governance principles aligned to FAIS Act  and the Insurance Act.

Governance Structure

  • Board of Directors – provides strategic oversight and fiduciary accountability.

  • Sub-Committees:

    • Audit & Risk Committee

    • Investment & Finance Committee

    • Social & Ethics Committee

    •  Remuneration Committee

  • Executive Management Committee (Exco) – ensures operational execution and regulatory reporting.

Key Policies Available for Download:
🗂 Board Charter  🗂 Combined Assurance Framework  🗂 Fit & Proper Policy  🗂 Risk Management Strategy

Regulatory Compliance

We maintain active relationships with:

  • Prudential Authority (PA) – solvency and capital

  • Financial Sector Conduct Authority (FSCA) – market-conduct and Treating Customers Fairly (TCF)

  • Auditor-General of South Africa (AGSA) – audit and public-entity oversight

  • LEDA Group Governance Unit – shareholder assurance

Our compliance commitments include:

  • Quarterly QRT and ORSA submissions

  • Annual IFRS 17 and Solvency II reporting

  • Ongoing director fit-and-proper assessments

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Strategic Direction

The Investor & Governance agenda supports our long-term sustainability pillars:

  1. Capital Adequacy & Financial Stability

  2. Premium Income Growth & Operational Efficiency

  3. Risk-Based Strategy & Prudential Discipline

  4. Provincial Development Alignment with LEDA

  5. Digital Transformation for Transparency and Data-Driven Reporting

Strong governance is the bridge between compliance and confidence.

Shareholding & Ownership

Shareholder: Limpopo Economic Development Agency (LEDA)
New Era Life operates as a strategic investment vehicle of LEDA, contributing to:

  • Job creation and enterprise development

  • Financial inclusion and insurance access in rural communities

  • Responsible use of public capital for sustainable returns

Investor Relations

We welcome partnerships and collaborations that strengthen our balance sheet, diversify risk, and expand market reach.

Opportunities for Investors

  • Strategic Equity Participation (SEP) in post-Section 50 structure

  • Co-investment in distribution and digital platforms

  • Development impact funding for provincial projects

Contact: mmajake@neweralife.co.za

Leadership Statement

“Sound governance and transparent reporting are not compliance check-boxes — they are the very tools that rebuild trust in our brand and strengthen South Africa’s insurance landscape.”
— Motseki Majake, Chief Executive Officer, New Era Life