Sanlam braces for tough second half amid pressure on valuations
The group wrote down some of its businesses by R7.6bn in its six months to end-June
10 September 2020 - 08:11
Insurance group Sanlam expects the last six months of 2020 to be increasingly challenging, having swung into a first-half basic loss as Covid-19 weighed on the value of its businesses.
Reduced growth and future investment return assumptions in the short to medium term led to a R7.6bn writedown of some of the group’s businesses in its six months to end-June...
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