Governance


New Era is a subsidiary of the Limpopo Economic Development, Environment and Tourism Department. 

 

Limpopo Economic Development has a three tier mandate:

 

  1. Enterprise Development 
  2. Financing
  3. Economic Development

 

While the company is a state-owned-company, the long-term insurance act amended, the insurance act 2017 is the enabling legislation underpinning everything we do as an insurer

The accounting authority is the board of non-executive directors, appointed by the shareholder which comprises vastly experienced financial services, legal and compliance professionals. The board sets the strategic path and drives it through the highly qualified and experienced executive team entrusted with authority to craft and drive business decisions.

New era boasts vast institutional knowledge and experience among its staff, some of whom have been with the Organisation for over three decades. This is balanced by the young and highly skilled professionals.