About Us
About PCBS

Lion of Africa Insurance (Lion) is an accredited financial services provider for commercial insurance that is authorised by the Financial Services Board (FSB) to operate under license number 17511.

Lion is the only South African short-term (non-life) insurer to achieve a level 1 B-BBEE status and they are a leading insurer for public sector property and liability.  Lion’s prestigious list of public sector clients includes 6 of the 8 South African metropolitan municipalities.  Lion is also a preferred insurer for Small and Medium Enterprises (SMEs).

Lion’s commitment to its clients and partners is captured in the brand promise which is Insuring South Africa’s Future.

Lion is more than merely an insurance provider, but rather a catalyst for business empowerment and economic transformation.  Their strength lies in the ability to quickly adapt to rapidly changing customer needs and providing risk management solutions which are aimed at ensuring future economic prosperity.

Corporate Clients

  • Emphasis is placed on the financial standing of the contractor
  • Company structure and shareholding
  • Contract information
  • Guarantee wording requirements
  • Securities available

Testimonials

We had not encountered a positive experience using performance and construction bonds, however this changed once we partnered with PCBS. Now, we cannot imagine conducting our business without them. Providing our clients with guarantees as opposed to cash assists us immensely in the financing of contracts and our monthly cash flow projections. PCBS’ friendly hands-on staff and management are always professional and helpful in providing us with consistently efficient service

— Rob Taljaard, Project Executive, Prefab Design Services

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Testimonials

At METQUIP, we understand the importance of providing guarantees in a correct and timely manner in order to strengthen client perception of our operating companies.  In this regard, PCBS is an ally. My experience, over years, dealing with banks as suppliers of bonds was one of bureaucracy and associated slowness in the total procedure from application to delivery. PCBS has helped streamline the process to make our facility workable and the process of obtaining the physical documents as painless as possible. I am constantly impressed by the high level of service and spirit of cooperation I receive from PCBS and its staff have gone above and beyond the call of duty many times. Always friendly and efficient, dealing with PCBS on matters such as the annual review and provision of bonds for non-RSA registered companies is now quite palatable

— Gary Crawford, Business Development Manager, METQUIP Group.

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Testimonials

With construction projects often being capital intense, partnering with PCBS does much to ease any cash flow constraints. It’s an affordable and uncomplicated alternative to approaching a regular bank to get a performance or warranty bond. Previous efforts to obtain performance guarantee and construction bonds ended up being labour intensive and not worth the effort, but PCBS has made the process relatively hassle-free. Their service is uncomplicated and personal

— Georg C. Brandner, Administration Manager, August General Servicing S.A. (PTY) LTD.

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