Santam is monitoring the land expropriation debate as it eyes growth in insurable assets following a torrid financial year. "Santam is monitoring the debate on the matter," CEO Lizé Lambrechts said after the release of the short-term insurer’s results for the year to December 2017 on Thursday. It does this as trading conditions remain competitive in SA’s low-growth environment, marked by a frail 0.8% rise in real GDP in the third quarter of 2017, with similar slow growth in insurable assets. While Santam hoped new political leadership would create an enabling environment for growth, the governing ANC’s decision to work together with the EFF and smaller parties on reviewing the Constitution to explore the expropriation of land without compensation had created uncertainty. "It is such a difficult one to take a view on at this stage," said Bradley Preston, chief investment officer at Mergence Investment Managers. "The different policy positions seem too far apart between the EFF, ANC l...

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