Santam: dividend despite disasters
Santam has endured a biblical six months of fires, floods and hail. But the insurer is on track to dish out the cash
Santam shareholders may soon be in line for another special dividend, despite a series of catastrophic events over the past six months including the Betty’s Bay fires, the KwaZulu-Natal floods and widespread hail in agricultural areas.
Yet the short-term insurer — the last such standalone company on the JSE — was still able to show a 5.3% underwriting profit for the first half ended June...