Citizens buy majority stake in First Sun

Thursday, April 07, 2016

Insurance firm, First Sun Alliance (FSA) hopes that its recent inclusion of citizen shareholders to acquire a majority stake will help drive the firm’s strategic plan through citizen empowerment.

The firm, which prides itself on being an ‘all-risk insurance provider’, announced on Tuesday that it has enlisted new citizen shareholders; Tiny Kgatlwane, Tebatso Lekalake, Keneilwe Mere and Kgaotsang Matthews, to acquire a majority stake of 51 percent in First Sun Alliance.

FSA managing director, Paul Chitate told Mmegi Business that the inclusion will put the company on a more competitive edge through citizen empowerment and joining up with qualified people in a high level.

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