SANLAM’S black economic empowerment (BEE) partner Ubuntu-Botho paid a special dividend of R830m to shareholders, underscoring the ongoing success of the 12-year partnership.Ubuntu-Botho is headed by businessman Patrice Motsepe and is 55%-owned by Sizanani-Thusanang-Helpmekaar Investments, a company owned by Mr Motsepe and his family.This means about R456m of the special dividend last year was due to Mr Motsepe’s Sizanani-Thusanang-Helpmekaar company, based on its 55% shareholding in Ubuntu-Botho."In 2015, Sanlam enabled UB (Ubuntu-Botho) to pay a special dividend of R830m to its shareholders," Sanlam’s latest sustainability report showed.Other Ubuntu-Botho shareholders include Abafazi Basadi Ubuntu-Botho-Investments, the Ubuntu-Botho Women’s Upliftment Trust and trade unions, such as the National Education Health and Allied Workers’ Union, and the South African Democratic Teachers’ Union.Ubuntu-Botho holds about 292.4-million shares (about 13.5% of the entire issued share capital) i...

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