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Company
Our Ownership
NOVARE® is owned by Nehawu Investment Holdings (26%), the Novare Staff Trust and the Founding Shareholders.
Our Directors
Mr. M Mgudlwa | Independent Chairman (Novare® Holdings) |
Our Group Structure

The group consists of five underlying business units as well as a 30% stake in First Guarantee Pension Limited:
NOVARE® Actuaries and Consultants
NOVARE® Actuaries and Consultants is an independent implemented consulting firm that provides specialist support to institutional clients in Southern Africa. The support extends throughout the investment process, from initial advisory stage through to execution and on-going monitoring.
NOVARE® Investments
NOVARE® Investments is an independent multi-manager business that provides tailor made investment solutions to both retail and institutional clients.
NOVARE® Botswana
NOVARE® Botswana is a full service centre hub for the rest of Southern Africa and offers a complete range of investment consulting services as well as specialised multi management products focusing on the pension fund market.
NOVARE® Actuaries Africa
NOVARE® Actuaries Africa provides a range of actuarial consulting services and solutions to the Nigerian market.
NOVARE® Equity Partners
NOVARE® Equity Partners is a Private Equity Fund Manager focusing on investment opportunities in Sub-Sahara Africa. It is the manager of the Grand Towers Africa Property Fund I domiciled in Mauritius.
First Guarantee Pension Limited
First Guarantee Pension Limited is a Pension Fund Administrator licensed by the Federal Government of Nigeria to pioneer the Defined Contribution Pension Scheme in Nigeria. First Guarantee Pension Limited is engaged in the business of Pension Fund Administration and Management in Nigeria.