African Phoenix Investments Limited (Phoenix), formerly African Bank Investments Limited, is an investment holding company. The Company's segments include Insurance and Corporate. Standard General Insurance Company Limited (Stangen) is the Company's subsidiary. Stangen operates as a licensed life insurance product and financial services provider. Stangen holds a retail insurance portfolio and services customers directly. Stangen is marketing and selling its products through various distribution partners, and is developing alternative products and distribution channels in the South African market.