Sanlam and Absa said all suspensive conditions have been met in their agreement to combine their local investment management businesses, paving the way for one of SA’s largest black-owned asset managers.

The deal, first announced in October 2021, will create a black-owned investment manager with more than R1-trillion in assets under management (AUM), and comes as the financial services sector is under pressure from regulators for being slow to transform...

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.

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

Speech Bubbles

Please read our Comment Policy before commenting.