NIC was started alongside other Trade Union Investment Companies in 1997, however by end 2008 NIC has hit rock bottom facing liquidation in the Cape High court (http://www.numsa.org.za/article).
It was after the NUMSA Congress of the same year that management was replaced and a new team led by Khandani Msibi and Mahlubi Mazwi installed to to rescue the investment.
The only meaningful asset in the Group was Doves Group, which itself was battling from years of neglect. Through renegotiations, horse trading, payment rescheduling the Group was saved from liquidation,
stabilized and started on a growth path. Management had inherited a funeral services company that was under the Brevity Trade with Doves Group as the main asset.
It became clear that we needed to develop a comprehensive financial services offering. Brevity Trade was branded into the 360 Financial Services Group which houses all our investments in Financial Services.