Category archives for: Insurance

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 […]

Sanlam reports firm financial performance

Sanlam Group Chief Executive Officer, Ian Kirk

GIFT NDOLWANE JOHANNESBURG, (CAJ News) – SANLAM, the financial services group, has sustained a solid operational performance for the ten months to October 31. Total new business volumes up 11 percent to R195 billion compared to the same period in 2015 while net result from financial services up 10 percent. Normalised headline earnings per share […]

New twist to proposed insurance mergers

insurance

GIFT NDOLWANE JOHANNESBURG, (CAJ News) – SHORT-term insurance distributor, Collision and Management Centre (CMC), is concerned a proposed major between Hollard and two other companies could drive it out of business. The mergers concern Hollard and the Regent Group as well as Hollard and MotoVantage. CMC is worried that post-merger its sole and exclusive agreement […]

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