Sanlam, SA’s biggest insurer, gave a cautious 2020 outlook on Wednesday, saying it may struggle to retain clients and sell new insurance ahead of what it expects to be deep economic recessions in many of its markets.  

Founded more than 100 years ago to help lift Afrikaners left destitute by their defeat in the Anglo-Boer War, Sanlam is among a host of companies with bleak forecasts as the Covid-19 pandemic cuts off businesses from their customers...

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