FINANCIAL SERVICES
Sanlam is not done yet with deal making, says CEO Paul Hanratty
Sanlam, which spent much of 2021 securing a raft of deals to bolster its position as Africa’s largest non-bank financial services group, says it is not done with deal making as it seeks to scale up further and widen its profit margins.
With the group describing its business in SA as a “fortress”, it is chasing further scale at home and abroad through a series of deals that have shaken up the domestic asset management and insurance market. It has exited its UK life insurance, wealth and financial planning businesses, though it retained its international asset management capabilities in that market, and is channelling new revenue from its minority stake in Indian insurance group Shriram...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.