Prosperity Funeral Administrators

 

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Prosperity Funeral Administrators
4 Edward Street | Roodepoort, 1725

More information about Prosperity Funeral Administrators

Prosperity Insurance Company Limited (now Prosperity Life), the first black-owned insurance company licensed in South Africa by the Financial Services Board in 1951, is proud of its Eastern Cape heritage. Initially, Prosperity Life operated throughout South Africa, with the Head Office rooted in Mthatha (Eastern Cape), where the current Chairman - Agrippa Mayaba - was born in 1932. However, when the Transkei was granted independent status in 1976, Prosperity Life was considered a foreign company and prohibited from operating in the Republic. Prosperity Life had to dispose of its Republic assets and was denied the opportunity to grow. Prosperity Life adapted to this adversity and isolation, quickly establishing itself as the "People's Company", developing products and policies tailored for local communities. During this time, Prosperity Life established a close working relationship with shareholders and customers in the area and marketed a range of affordable life assurance and funeral policies ideally suited especially to lower income markets. As the oldest black insurer, Prosperity Life has been gaining valuable experience in this market sector for more than two decades prior to its current competitors.

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Last update: 2017-03-05 12:30:51

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