{"id":878499,"date":"2026-10-06T12:53:16","date_gmt":"2026-10-06T10:53:16","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=878499"},"modified":"2026-10-06T12:53:19","modified_gmt":"2026-10-06T10:53:19","slug":"end-of-a-r10-billion-era-for-outsurance","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/878499\/end-of-a-r10-billion-era-for-outsurance\/","title":{"rendered":"End of a R10 billion era for Outsurance"},"content":{"rendered":"\n<p>The Outsurance Group has announced it will buy out the remaining minority shareholders of Outsurance Holdings Limited in a share-swap deal worth R10 billion to simplify the business.<\/p>\n\n\n\n<p>Outsurance Holdings (OHL) is already a majority-owned subsidiary of the Outsurance Group (OGL), responsible for most of the group&#8217;s insurance and administrative operations.<\/p>\n\n\n\n<p>In its announcement of the buyout on the Stock Exchange News Service (SENS), the group said that OHL  holds the majority of assets for these functions.<\/p>\n\n\n\n<p>OHL&#8217;s minority shareholders comprise the original founder, current executives, managers and employees,<br>together with their affiliates, who collectively hold 7.17% of the entire issued share capital of the subsidiary.<\/p>\n\n\n\n<p>The intended buyback will result in this company becoming a wholly owned subsidiary of the Outsurance Group, simplifying its corporate structure.<\/p>\n\n\n\n<p>By making the company a subsidiary, the Outsurance Group can eliminate minority-shareholder overhead and create a single shareholder level, it said.<\/p>\n\n\n\n<p>The group said it would also ensure that the company&#8217;s management team is directly accountable to shareholders.<\/p>\n\n\n\n<p>For OHL&#8217;s minority stakeholders, the buyout will be a share-for-share swap for interest in the group itself.<\/p>\n\n\n\n<p>Some of Outsurance Holding&#8217;s minority shareholders include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rosaceae Aequitas II, which holds 2.07% and is an associate entity of non-executive director Willem Tielman Roos<\/li>\n\n\n\n<li>Rosaceae Aequitas, which holds 1.05% and is also associated with Roos<\/li>\n\n\n\n<li>Marthinus Visser, OGL CEO and executive director, who holds 2.01%<\/li>\n\n\n\n<li>Daniel Matthee, OUTsurance Insurance and Life CEO, who holds 0.25%<\/li>\n\n\n\n<li>Bert Bakker, COO and executive director of OGL\u2019s Australian operations, Youi, who holds 0.14%<\/li>\n\n\n\n<li>Erigo Capital, an associate of former OGL CFO Jan Hendrik Hofmeyr, who holds 0.11%<\/li>\n\n\n\n<li>Hofmeyr, who holds 0.07% directly<\/li>\n<\/ul>\n\n\n\n<p>Since many of these shareholders also hold executive positions within the Outsurance Group, the deal is classed as a related-party transaction by the Johannesburg Stock Exchange (JSE).<\/p>\n\n\n\n<p>The group said in its announcement that the total value of minority shareholders&#8217; 7.17% interest in Outsurance Holdings is approximately R10.16 billion.<\/p>\n\n\n\n<p>The remaining 92.83% stake in Outsurance Holdings is already held by the group.<\/p>\n\n\n\n<p>Currently, the proposed buyback is subject to regulatory approval from several bodies, including the JSE and the South African Reserve Bank (SARB).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Outsurance Group has announced plans to buy out minority shareholders in Outsurance Holdings, making the company a wholly-owned subsidiary of the group.<\/p>\n","protected":false},"author":131,"featured_media":862880,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2107424136775483836","_sma_facebook_post_id":"191437357620492_2228201458000253","_sma_instagram_post_id":"17945252442347988","_sma_x_attempts":1,"footnotes":""},"categories":[9872],"tags":[175,26720,26721,3619],"class_list":["post-878499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-jse","tag-outsurance-group","tag-outsurance-holdings","tag-sarb"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/878499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=878499"}],"version-history":[{"count":14,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/878499\/revisions"}],"predecessor-version":[{"id":878523,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/878499\/revisions\/878523"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/862880"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=878499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=878499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=878499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}