Sanlam has set a target of reaching 50-million clients all over the continent by next year.

It is banking on its transformational tie-up with Egypt’s Allianz in line with the stated strategy to cast itself as a growing financial services company. “Life insurance penetration (outside of SA) is still very low, and that’s where the big opportunity lies, clearly, to grow in that space,” CEO Paul Hanratty told Business after the group issued its annual earnings report...

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