According to one source, Schlesinger was appointed regional manager by Equitable in Ireland on the eve of the
Second Boer War. According to another source, he was still an American citizen during the war and enjoyed considerable freedom as such, until the disruption to commerce led him to return to America, from there moving on to Ireland to sell the same insurance. After the war, in any case, he returned to Johannesburg to launch a
property development firm, the African Realty Trust. Until 1904, the Trust developed new
neighborhoods in
Port Elizabeth (Mount Pleasant) and Johannesburg (
Orange Grove,
Houghton,
Parkmore and
Killarney) where salary-earners were given the opportunity to
mortgage homes, a first in South Africa. At the end of 1904, he founded his first Insurance company, the
African Life Assurance Society, with the £20,000 he had earned from the development of the suburb of
Parkhurst. During its first year in business, the company sold 2,274
policies worth £1 million, a record for a new business in the industry at the time. As
managing director, he organized the entire company from the boardroom to the stationery box and personally coached all
recruiters and
agents. In 1905, he bought the financially struggling Robinson South African Bank (founded by
Sir Joseph Robinson) and converted it into the Colonial Banking and Trust Company, which specialized in small business loans. In 1911, he founded the African Guarantee and Indemnity Corporation to provide all types of insurance. == Entertainment industry ==