Our Company

Risk Benefit Solutions originated as a small services business in 1998 and today is considered one of the largest fully fledged risk advisory firms in South Africa.

Our Vision

Our vision is to be the financial services company most admired for its people, values, performance, and customer service.

Our Company

RBS’s growth is contributed to offering clients a unique approach to risk-managed by positioning our skilled resources as an extension of our client’s risk management team.

While the profile of RBS has changed significantly over the years, our core principles remain constant, with a strong emphasis on service excellence and a desire to build and maintain the strongest possible relationships with its clients by providing innovative solutions to meet their needs.

RBS is part of a dynamic company that employs over 200 people with branches in the Western Cape, Gauteng and Gqeberha.

With the recent transaction with the Letsema Group, RBS is now one of the leading black-owned financial services companies in South Africa.


RBS is proud to be a level 1 BEE contributor and leading black-owned national brokerage. Our focus is developing skills and staff in South Africa to support the transformation of the financial services industry whilst offering our clients a strong BEE level 1 accredited partner.

Corporate Social Investment

Business is not just about innovative products and service excellence. It’s also about being mindful of those in need who live in the communities in which we operate. At RBS, we take our privileged role in broader society seriously and are whole-heartedly committed to a number of key social responsibility practices.

At RBS, our commitment to social responsibility begins in-house. Our dedication to strong governance leads us to promote ethical practices at every level of our business. We also nurture a work environment and culture that encourages our staff to thrive, and we get involved in initiatives that promote the well-being of society at large. As part of our company’s social responsibility practices, we have an ongoing relationship with Songo.

Songo is a social development programme based in Kayamandi, Stellenbosch, which uses sport and education to provide opportunities for children to play, learn and grow while instilling the necessary life skills.

We have been on a journey searching for the right partner through a rigorous process. We are pleased to have not only found a really active and value-adding partner in Letsema, but one who’s values and drive are closely aligned to RBS. We have co-created a broker consolidation strategy that fully supports our vision to become one of the country’s largest and most successful black owned and level 1 B-BBEE certified brokers in South Africa, with transformation as one of our core principals.

Michael Petersen, RBS Founder and CEO

At Letsema we find real purpose in partnering with exceptional business owners and management to continue and accelerate the building of their businesses over the long term. We have a long-held belief that businesses need to play a fundamental role in creating employment in South Africa. Our years long research has demonstrated an attractive investment opportunity in the South African short term insurance intermediary market, and we remain committed to playing our small part in using business as a catalyst for positive social change in the South African financial services industry.

Isaac Shongwe, Founder & Chairman, Letsema