It is perhaps not too surprising that between the boardroom shenanigans of Old Mutual and the market’s Hollywood-style fascination with Discovery’s Adrian Gore, Sanlam gets little airtime.

Yet at the time of its demutualisation in 1998 nobody would have said Sanlam would ever have a market capitalisation 50% higher than its historic rival Old Mutual, or even that it would be considered a “quality” share...

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