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This article needs additional citations for verification. This article contains content that is written like an advertisement. Sanlam is a South African financial services group headquartered in Bellville, Western Cape, and listed on the Johannesburg Stock Exchange and the Namibian Stock Exchange. Established in 1918 as a life insurance company, Sanlam Group has developed over time into a diversified financial services business.
The group’s areas of expertise include insurance, financial planning, retirement annuities, trusts, wills, short-term insurance, asset management, risk management and capital market activities, investment and wealth. The group operates in South Africa, Namibia, Botswana, Swaziland, Malawi, Zambia, Tanzania, Rwanda, Uganda, Kenya, Ghana, Nigeria, Mozambique, India, Malaysia and the UK and has business interests in the US, Australia and the Philippines. Santam, was registered on 28 March 1918. Sanlam, was registered on 8 June 1918. Sanlam showed a small profit at the end of its first year, declared a bonus, and continued to grow consistently from there.
Santam remained the controlling shareholder until 1954 when Sanlam became an independent mutual life assurance company, as well as the largest single shareholder in Santam. Over the years, Sanlam’s focus gradually shifted from traditional life insurance to providing a broader range of financial products and services. Ltd and the Namibian Stock Exchange. Today, Sanlam is a diversified financial services provider with an extensive product offering catering for all market segments. 12 African countries outside South Africa, India, Malaysia, the UK and Ireland, the USA, Australia and the Philippines.
In mid-January 2017, a 20-year-old controversy involving Sanlam resurfaced due to a preliminary report compiled by Busisiwe Mkhwebane, Public Protector of South Africa. Sanlam has since 1993 focused on empowering a broad base of South Africans. Sanlam in what was to become one of the most far-reaching black empowerment transactions in South Africa to date. In December 2013, the initial 10-year contractual period of the transaction with Ubuntu-Botho ended, with a final total of 66. 5 million deferred shares qualifying for conversion to ordinary shares.
The deal created value of about R15 billion, making it arguably one of the most successful transactions of its kind in South African history. In 2014, an agreement was reached to extend the partnership with Ubuntu-Botho into the future. The corporate office of the Sanlam Group is responsible for centralised functions that include strategic direction, group financial and risk management, group marketing and communications, group human resources and information technology, group sustainability management, corporate social investment and general group services. Sanlam Corporate offers corporate clients a comprehensive employee benefits solution, including life, health and general insurance, financial planning and advice. R100 billion compared to the same period in 2014. Ian Kirk was appointed as Group Chief Executive and Executive Director of Sanlam Limited and Sanlam Life Insurance Limited from 1 July 2015. This follows the retirement of former Group Chief Executive Dr Johan van Zyl from this position, as well as from the boards of Sanlam Limited and Sanlam Life Insurance Ltd.
In November 2015 Sanlam announced that the group had agreed to buy a 30 percent stake in Morocco-based Saham Finances, which operates in 26 countries predominantly across Africa with a presence in the Middle East. 375 million deal will significantly expand the group’s African footprint. Former CEO, Dr Johan van Zyl, joined the Sanlam Limited and Sanlam Life Insurance Limited Boards as a non-executive director and representative of Ubuntu-Botho Investment Holdings, Sanlam’s black economic empowerment partner as of 18 January 2016. A new business cluster known as Sanlam Corporate was created early in 2016. The unit will be headed by the former CEO of Munich Re sub-Saharan Africa, Junior John Ngulube and will offer corporate clients a holistic solution including life insurance, general insurance, investments, health insurance, retirement, financial planning and advice. Absa may have to pay back apartheid-era bailout billions”.
BRIEF-Santam sells 76 pct of Indwe to UBI and Sanlam”. How to start investing in Satrix”. Van der Merwe steps down as Sanlam boss”. BRIEF-Sanlam appoints CEO of corporate business unit”. Sanlam names insider Ian Kirk as CEO”. Sanlam appoints Munich Re exec to head up new unit”. Cluster deepens black leadership on Sanlam executive”.
This page was last edited on 30 March 2018, at 09:02. Welcome to Sanlam UK We’re part of Sanlam Limited, the global financial services group that has been helping clients achieve their financial objectives for generations. Sanlam around the world The Sanlam Group has a direct presence in 11 African countries, India, Malaysia and with niche businesses in certain developed markets. We have the largest Pan African footprint of insurance groups based on number of countries and contribution to the overall consolidated Group. South Africa Sanlam is the second-largest insurance group in South Africa, providing integrated solutions in all aspects of insurance and related financial services through an extensive distribution network. Botswana, Namibia, Malawi, Kenya, Tanzania, Zambia, Ghana, Nigeria, Uganda and Swaziland.