Johannesburg - Liberty Holdings, South Africa's fourth largest insurer, plans to invest up $80m (about R1bn) on two deals in Nigeria by year-end, as part of a five-year strategy to expand further into sub-Saharan Africa, its chief financial officer said on Friday.
"We have been negotiating with some parties in Nigeria to acquire some stakes in their businesses and we've made quite good progress in that regard," Casper Troskie, Liberty's Chief Financial Officer said in an interview.