OPERATIONAL UPDATE
Sanlam upbeat over 2017 forecast
It will be another challenging experience in 2017 but it will be a little better for SA and the rest of the continent than 2016, says Sanlam CEO Ian Kirk. "It’s very pleasing for us to see how our businesses are adapting and coping in tough times. When times are tough, strong businesses get stronger," Kirk said on Wednesday, discussing the group’s operational update for the 10 months to October 31. Sanlam reported an 8% decline in normalised headline earnings per share, compared to the same period last year. This was largely due to subdued investment returns on group capital, which were further dented by negative offshore returns due to a stronger rand, it said.
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