BUSINESS DAY TV: ‘Sanlam has the best footprint in Africa’
Sanlam CEO Ian Kirk speaks about full-year results, a chunky dividend and how political turmoil affected the value of its investments
Ian Kirk is the CEO of Sanlam. BUSINESS DAY TV: Sanlam has declared a full-year dividend of 268c a share, a gain of just over 9% despite a 6% drop in normalised headline earnings per share (HEPS) but it appears to have recovered some poise after a fairly rocky first half. Joining us now in studio is CEO Ian Kirk. Is it fair to say that the second half was better than the first? IAN KIRK: Yes it was certainly. It was above our expectation. And certainly we gave guidance in December for the 10 months so we were guiding for a lower number but we finished up better than expected. Therefore we had a better second half than we anticipated so we’re pleased with the operational metrics. BDTV: Where did it actually surprise you, where was the business maybe more.... IK: Santam did well, Sanlam Personal Finance (SPF) did really well. We had additional income from the investments business and Sanlam Emerging Markets (SEM) did better. In fact, all five clusters did a little bit better in the la...
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