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GIB Group Acquires Remaining 50% Shareholding In GIB-HW Brokers Cape

By: Jurie Erwee – GIB Group CEO

We are pleased to announce that the GIB Group has acquired the remaining 50% shareholding in GIB-HW brokers Cape from HW Brokers with effect from 01 March 2021.  The acquisition makes the GIB Western Cape a wholly-owned division of the GIB Group and, going forward, will trade as GIB Western Cape.

The transaction is aligned to the strategic objectives of GIB to increase its presence in the Western Cape whilst further strengthening its position in the market by providing clients with sustainable and cost effective solutions in the field of risk, insurance and financial services.

This acquisition will not affect the day-to-day operation of the business and Fuzlin Abrahams, the current Managing Director, will continue to lead the division with the support of her capable team.

GIB is excited about the opportunities this transaction creates and remains committed to providing its clients with the highest standard of service and advice.

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