Category archives for: Insurance

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 […]

Toyota voted South Africa’s top car brand

Toyota Fortuner

by MTHULISI SIBANDA JOHANNESBURG, (CAJ News) – A MAJORITY of South African adults have voted Toyota their preferred car brand. This follows a survey conducted by Gumtree South Africa on the differences between men and women when purchasing a car. For the women, Toyota was named as their ‘mark’ of choice (27 percent), listing attributes such as reliability, […]

Zim First Family in-laws in tender controversy

President Robert Mugane and wife Grace

from MARCUS MUSHONGA in Harare, Zimbabwe Zimbabwe Bureau HARARE – NEPOTISM, a regular feature in Zimbabwe’s politics decades after independence dominated by the First Family, has taken a new dimension with the revelations a man related to the husband of the daughter of President Robert Mugabe had irregularly secured a lucrative tender in the energy […]

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