Led by Moss Ngoasheng and Saki Macozoma, the company is known for its involvement in lucrative black economic empowerment deals and for its close relationship and reciprocal shareholdings with Standard Bank.
[2] He doubled his stake in 2003, becoming an equal participant – with Cuba and Ngoasheng – in the consortium that held a controlling 60 per cent of the company.
[5] In June 2003, Standard Bank and the Liberty Group sold a 25.2 per cent stake in Stanlib to a BEE consortium led by Safika.
[10] Through its subsidiaries, Safika has interests in financial services, agriculture, transport, gaming, aerospace, property, and telecommunications.
[10] In 2011, it expanded to Australia by launching private equity firm Winsaf as a joint venture with the Australian Wingate Group.