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
05 September 2019 - 05:00
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...
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