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As a central knowledge portal to the retirement and related industries, EBnet publishes a range of daily articles submitted by a range of industry organisations, experts and contributors. Readers can also comment on and contribute to articles.

March 31, 2020

Sanlam today announced that the Sanlam Board has approved new appointments in three of its most senior positions in the diversified financial services group.

The Sanlam Board has approved that:

  • Mr Elias Masilela be appointed as independent non-executive Chair of the Sanlam Board with effect from 10 June 2020;

  • Mr Paul Hanratty be appointed as Group CEO from 01 July 2020; and

  • Ms Abigail Mukhuba be appointed as Group Financial Director from 01 October 2020.

Each of the appointments was made following rigorous and thorough Board processes with internal and external candidates for eac...

March 30, 2020

The Motsepe Family in partnership with companies and organisations that they are associated with, have pledged R1 billion to assist with the current Coronavirus (COVID-19) pandemic and its related challenges that are confronting South Africa and the African Continent.

These companies and organisations are:

  • Motsepe Foundation

  • Sanlam

  • African Rainbow Capital (ARC)

  • African Rainbow Minerals (ARM)

  • and others

The Founder and Chairman of the Motsepe Foundation, Dr Patrice Motsepe said:

“Several hundred million rands will immediately be made available with the primary objective o...

September 27, 2019

Brokers in Cape Town, Johannesburg and Durban, were asked at a recent Sanlam Broker Summit how future ready they felt regarding how new technology can help grow their business and its effect on the future of financial planning. More than 50% of intermediaries felt that they were likely to try new digital onboarding platforms with clients.

When asked whether they were concerned about their futures in financial planning given the rise of digital developments, most said they were concerned, but hopeful. However, some indicated real concerns about the profession’s sustainability.

The theme for the c...

September 5, 2019

Sanlam Group today announced its operational performance for the six months ended 30 June 2019. The Group achieved a pleasing performance, despite weak operating environments in South Africa and Namibia, as well as the general adverse effect of international political and economic rifts on emerging markets.

The performance was fairly broad based driven by solid organic growth, augmented by the SAHAM Finances’ corporate activity in the second half of 2018, contributing to a 13% increase in net result from financial services, 19% growth in the value of new covered business (VNB) written and 19% h...

August 30, 2019

The Sanlam Board has announced the appointments of new Board members in line with the Group’s proactive approach to enhance governance, transformation and the continued strengthening of the leadership at board, executive and management levels. These appointments are also aimed at supporting the success of the broader Group and supporting its growth ambitions.

Messrs Andrew Birrell, Elias Masilela and Kobus Möller have been appointed as independent non-executive directors to the boards of directors (Boards) of Sanlam Limited and Sanlam Life Insurance Limited. In addition, Ms Jeanett Modise, the...

July 25, 2019

Sanlam has announced that the Group’s Financial Director, Mr Heinie Werth, will take over a new role as Chief Executive Officer of Sanlam Emerging Markets, the business cluster that is responsible for Sanlam’s businesses across 33 countries in Africa (Sanlam Pan Africa), as well as our other emerging markets business in India, Lebanon and Malaysia. Mr Werth’s appointment is effective from 01 August 2019.

Mr Junior Ngulube, who is the Chief Executive Officer of Sanlam Pan Africa, will now take on the role of Vice Chairman of SPA from 01 August 2019.

The Group said these executive changes are part...

Sanlam yesterday reported a satisfactory operational performance in the four months to 30 April 2019, despite persisting headwinds in South Africa, the Group’s largest market, and international political and economic turmoil affecting emerging markets in general.

Notwithstanding the challenging operating conditions, the Group delivered some worthwhile accomplishments. This included the recent SAHAM Finances acquisition complementing pleasing organic growth by contributing to 10% growth in the value of new covered business (VNB) written, 30% rise in net fund inflows, and a 9% increase in net res...

April 16, 2019

Sanlam has just launched Sanlam Now Cover– a digital platform which enables intermediaries to complete a client’s application for death and disability cover in a single visit, in just 15 minutes.

This ability to complete end-to-end applications in the matter of minutes is set to digitally transform intermediaries’ businesses, in line with the shifting customer expectations of today.

Petrie Marx, Product Actuary at Sanlam, says Sanlam Now Cover is best in class for a number of reasons, “For intermediaries and clients, it enables a simple, fast and effortless end-to-end on-boarding process for ris...

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