Sanlam CEO Paul Hanratty sees ‘happy days’ amid gloom
Hanratty says doing deals when asset prices are depressed is better than in a bull market
09 September 2022 - 05:09
Sanlam CEO Paul Hanratty says that while the bleak global economic backdrop is a concern, it also gives the insurance group the opportunity to pick up assets at cheaper prices as the combination of weak growth and accelerating pressure drives down valuations.
Hanratty made the comments after the group published its results for the six months to end-June, which showed headline earnings fell 8% to R3.68bn...
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