Welcome to PinnAfrica

Our Purpose
We at PinnAfrica are recognized for our personal approach and excellence in providing innovative products, services and solutions in the consumer credit insurance and related markets. We are a company that adds value to our people, our partners and our business.

PinnAfrica is South Africa's only specialist underwriter of Protected Repayment Insurance (Credit Life), Motor Shortfall and other unique payment protector insurance products.

15 July 2009

To all valued Clients and Suppliers

ANNOUNCEMENT:

As you may know, during the past few months Cardif Pinnacle Insurance Holdings (Pty) Ltd and its subsidiaries PinnAfrica Life Limited and PinnAfrica Insurance Limited have been the subjects of a sale transaction between French based bank, BNP Paribas and the local insurer, Lombard Insurance Company Limited. I am pleased to inform you that, effective 1 April 2009, the sale transaction has been successfully completed and Lombard Insurance Company Limited has now become the new shareholder of Cardif Pinnacle Insurance Holdings (Pty) Ltd and its subsidiaries PinnAfrica Life Limited and PinnAfrica Insurance Limited.

Following the conclusion of the sale process, the Board of Directors and Management have approved some structural changes to ensure efficient utilisation of capital and resources, whilst ensuring that PinnAfrica’s market position is strengthened. It is therefore now my duty and pleasure to inform you of the following: