Category archives for: Insurance

Sanlam expands East Africa footprint with Kenya acquisition

Sanlam East Africa

By MTHULISI SIBANDA JOHANNESBURG, (CAJ News) – THE South African-headquartered Sanlam Group has announced the acquisition of a major stake in PineBridge Investments East Africa Limited (PIEAL) in Kenya. An agreement has been reached between the subsidiary Sanlam Emerging Markets (SEM), with PineBridge Investments, a leading global multi-asset class asset manager. The transaction is subject […]

Sanlam delivers double-digit earnings despite challenging environment

Sanlam

Business Reporter JOHANNESBURG , (CAJ News) –The Sanlam Group has  announced  it had achieved a satisfactory performance with double-digit growth in all key operational performance indicators despite a challenging environment. According to the end of year results the Group increased its dividend by 9.4% to 268 cents per share. The Group attributed the sustained performance […]

Diamond sponsorship for African Utility Week

KPMG

from DION HENRICK in Cape Town CAPE TOWN, (CAJ News) – PREPARATIONS for the 17th annual African Utility Week have received a major boost after KPMG, the professional services company, was confirmed as the diamond sponsor. The conference and expo will take place from May 16 to May 18 at the Cape Town International Convention […]

Smith new Sanlam chair, Motsepe declines position

Dr Johan van Zyl

By MTHULISI SIBANDA JOHANNESBURG, (CAJ News) – SANLAM has announced Dr Johan van Zyl as its new chairman after Patrice Motsepe declined the offer. The appointment is effective in June 2017. Van Zyl will succeed Desmond Smith who has served as Chairman since 2010 will retire after the Annual General Meeting set for then. Motsepe […]

Sanlam raises stake in Morocco’s SAHAM

Sanlam

By JOHANNESBURG, (CAJ News) – SANLAM and its short-term insurance subsidiary, Santam, will increase their stake in Morocco-based SAHAM Finances to 46,6 percent for US$329 million. The stake is currently 30 percent. Chief Executive Officer of SAHAM Finances, Raymond Farhat, says the company is pleased to strengthen its strategic partnership between the two institutions to […]

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