CITITRUST ACHIEVES ANOTHER GIANT STRIDE IN OUR PAN-AFRICAN EXPANSION PLAN
CITITRUST CAPITAL MANAGEMENT (PTY) LIMITED, SOUTH AFRICA LICENSED AS AN
AUTHORISED FINANCIAL SERVICE PROVIDER IN SOUTH AFRICA!!!
By Titilope Omotosho – July 20, 2020
CITITRUST Capital Management (PTY) Limited, South Africa has been authorised as a Financial
Services Provider in terms of the Financial Advisory & Intermediary Services Act 37 of 2002 with
effect from July 07, 2020. The Financial Service Conduct Authority (FSCA) has disclosed this on its
website on July 17, 2020.
This is indeed a remarkable feat and another Giant stride in realizing our Pan-African Expansion Plan, says the Group Chief Executive of CITITRUST Holdings Plc. Our Journey dates back to 2017
when the Group launched its Pan-African Expansion Plan – a daunting objective to take on a region as a leading Investment and Financial Services Group, we had kicked-off in South Africa Region and
a little over one year, we have been authorized as a Financial Service Provider in South Africa – the shape of CITITRUST brand is gradually emerging.
He further noted that this stride was particularly gratifying, coming on heels of recently issued NCR
(National Credit Provider) License for CITITRUST Financial Services (PTY) Limited, South Africa (“A
sister Company of CITITRUST Capital Management (PTY) Limited, South Africa”) to operate nationally in South Africa and offer quick and convenient consumer credit to qualified individuals to enable them meet their financial needs.
According to the Financial Service Conduct Authority (FSCA), the products approved for CITITRUST Capital Management (PTY) Limited, South Africa includes: Long-Term Insurance and Short-Term Insurance, Retail Pension Benefits and Pension Fund Benefits, Money Market Instruments, Bonds,
Short-term Deposits, Friendly Society Benefits and Participatory interests in a collective investment
In the years to come, CITITRUST Holdings Plc., a high performing investment holding company,
aspires to be the gateway and catalyst for mobilising capital for growth and development across
Africa. All our services are carried out through our various subsidiaries across Africa (currently have
presence in 13 African Countries). As stated in our investment mandate, we will always drive our
subsidiaries to “play the game better”, we often aim to “change the game”.
Our Strides thus far are the courageous decisions and heroic self-sacrifice of all the people that made the assent possible. Piloting the affairs of CITITRUST are high performing team with extensive experience in the financial services sector across Africa and are devoted to pooling complementary resources and functions to give clients the best value. We look forward to offering unique and creative solutions backed up by world class technology to transform current market offerings and do more for our clients.