The Simah Group was officially formed in 2022 with the amalgamation of:
* Simah Risk Solutions (formerly Bay Union Corporate Risks)
* Simah Risk Advisors (formerly Indwe Risk Solutions)
*Acuideas (the specialist administration business serving independent brokers)
Peter Olyott, Gavin Searle, and Steyn McDowall were shareholders, in the initial transaction facilitated with African Rainbow Capital Financial Investments (ARC) between the Indwe & The Simah Group.
At the end of 2022, ARC expressed an interest to divest having facilitated the transaction which presented Simah with the opportunity to investigate various opportunities in the B-BBEE space. Simah partnered with Invequity through the Dash Private equity Fund, and is a 51% Black Owned group, of which 33.38% is Black Woman Owned and is a proud level 1 B-BBEE contributor.
Invequity uniquely harnesses the rules for Private Equity Funds in the Broad-Based Black Economic Empowerment (B-BBEE) Codes of Good Practice to allow their partners, proudly including The Simah Group, the opportunity to achieve their Black Ownership objectives while substantially moving the needle for early-stage South African businesses operating in key sectors including Education, Technology, and Agriculture that greatly impact economic inclusion and growth in the South African economy.
For further detail on Invequity’s product offering, visit www.invequity.co.za.
Company Details
- Employees
- 79
- Founded
- -
- Address
- 1 Richefond Circle, Umhlanga,kwazulu-Natal 4320,south Africa
- Industry
- Insurance
- NAICS
-
Insurance Carriers and Related ActivitiesAgencies, Brokerages, and Other Insurance Related Activities
- Website
- bayunion.co.za
- HQ
- Umhlanga, KwaZulu-Natal
The Simah Group Questions
The Simah Group's website is bayunion.co.za
The Simah Group's LinkedIn profile is https://za.linkedin.com/company/the-simah-group
The Simah Group has
79 employees.
View email and phone details for 79
employees at The Simah Group.
The Simah Group's industry is
Insurance
The Simah Group's top competitors are
Rbs Insurance Brokers,
Alpha,
Insurance Institute Of South Africa,
Lombard Insurance Company Ltd,
Itoo Special Risks (Pty) Ltd,
Guardrisk,
Acuideas,
Cib,
Indwe Risk Services,
Bryte Insurance Company Limited.
The Simah Group's categories are Insurance
The Simah Group's founding year is 2022
