Sanlam eyes bolt-ons to cement prime position in Africa
12 March 2020 - 20:47
Sanlam, one of the country’s largest insurers, says it will acquire smaller companies on the continent as it strives to cement its prime position in Africa.
Sanlam, whose CEO Ian Kirk and chair Johan van Zyl will be leaving the company at the end of the year, reported an 18% decline in headline earnings to R7.4bn for the year to December, owing largely to the cost of its new BEE scheme...
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