Mathada Financial Services (Pty) Ltd
At MFS, we invest our time in order to manage Clients risks, build strong relationships, and demonstrate expert knowledge. We are the broker of choice for quality conscious insurance buyers (Prospective policyholders) who are looking for cost effective strategies.
We work with reputable underwriter(s) to provide you with stability and a variety of options.
Our philosophy has and will always be to place the needs of our clients ahead of any possible financial gain of our own. In so doing we believe that we will, with due skill, care and diligence, add value to the Long -Term Insurance Industry. In a time of grief, we will be there to assist Clients with their claim for insurance business. We understand the need to support and walk with you during the time of sorrow/Grief. We won’t require Clients to pay more money when you claim but we will be there to facilitate the payment on cash to you.We shall strive to provide policyholders with all necessary information including in instances where we or our agents have made mistakes (that warrant correction by us).
Compliance – Compliance with applicable laws is key to our survival
Customer Centricity -“Customer is King”
Employees empowerment/Partnership – to drive sufficient numbers, we partner with churches, security companies, cleaning companies, wholesales, and other corporates.
Strategic partnering with Key Drivers for growth– We shall work with Key Driver in strategic areas who shall be responsible for sales teams and related logistics. MFS shall remain responsible for all logistics and all admin shall be centralized.(Key Drivers are owners of institutions with capability to manage, drive sale of policies in their respective areas).business
Our founder (Avhapfani Mathada) has experience in legal, compliance and prosecution background. Please see Compliance with laws, rules, regulations etc is central to our business. The founder has worked in insurance group, FSCA, NPA etc.
Admitted Attorneys SA
LLB (Hons) (Wits)
Programme in Managing Managers for Results (Gibs)
Brief Career Profile
Public Prosecutor (NPA)
Senior Insurance Analyst (FSB)
Legal and Compliance Officer (Telesure)
Compliance Manager (Company Secretary)(Union Life and on its associated companies
Compliance Manager (Sasria)
Founder of Tshedza Compliance Practice (Pty) Ltd, A Mathada Inc.
01 July 2020 appointed as Head of Compliance Function at Nestlife Assurance Corporation Limited.
We believe that the funeral insurance business in particular depends on numbers that an FSP generates, hence our strategy is to partner and or derive business via corporate clients (Small to medium size business will be our immediate focus to generate sale) churches, family burial societies, Stokvel and other groupings,. All our agents shall have a target of business that must be generated via small to medium size business
Our main Objective is to gain local market share and offer sound and informative solutions to our diverse consumers. We will strive for service excellence and uphold the Industry standards (compliance) as laid out by the Financial Services Conduct Authority.
- First year objective
- Have branches at strategic areas
- Retain talented staff
- Establish relationship with small to medium size business
- Second year objectives
- Compete with medium size brokers
- Increase number of branches
- Increase number of small business and churches that we have arrangement with.
- Increase product offering
- Invest in IT (have an app)
- Three years and beyond objectives.
- Compete with big brokers
- Increase product offering
- Involve in administration of insurance business
Our competitive edge is undoubtedly our ability to provide our clients with professional and expert advice.
- Promote the provision of cash for funeral cover (to be promoted at point of sale).
- Referral to Funeral parlour for those who prefer to be assisted.
- Provision of cover details from point of sale (policy schedule and continuous service to Clients)
- Working with Key Drivers at different areas (and establishment of Client contact centres at strategic places.