Sanlam’s share price was unaffected by reports that diplomatic hurdles could delay its planned takeover of Moroccan general insurer Saham. People who had reliable knowledge about the progress of the deal were not concerned at this stage, Jean Pierre Verster, a Fairtree Capital portfolio manager, said. Moneyweb reported on Tuesday that political tensions between SA and Morocco over SA’s stance on the disputed territory of Western Sahara and its recent decision not to support Morocco’s 2026 Soccer World Cup bid were delaying regulatory approvals and that Morocco’s insurance regulator has missed the deadline for approving the deal. But Verster said it was not certain at this stage if there would be delays and what their impact would be. "One can’t really say how this might affect Sanlam. Even if there are delays, we don’t know how long they will be. But there doesn’t seem to be any major risk for Sanlam because financing for the deal will only be put in place once all approvals have be...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now