×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Africa’s largest insurer, Sanlam, has suffered a blow to its ambitious pan-African expansion drive after failing to meet the conditions set out in to shore up its majority stake in Moroccan insurer Saham Assurance Maroc.

In a brief statement, the company said the nearly R2bn transaction to increase its shareholding to 84.5% had “lapsed”. It currently has a 61.7% stake in the property and casualty insurer. It was subject to conditions and approvals from regulators in both countries...

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

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.