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Sanlam

#1648

Rank

$10.13B

Marketcap

ZA South Africa

Country

Sanlam
Leadership team

Mr. Paul Brendan Hanratty F.I.A. (Group CEO & Exec. Director)

Ms. Abigail Muelelwa Mukhuba B.Com., C.A., M.B.A. (Fin. Director & Exec. Director)

Mr. Heinie Carl Werth B Acc CA(SA), M.B.A., MBA (CEO of Sanlam Emerging Markets & Exec. Director)

Products/ Services
Financial Services
Number of Employees
20,000 - 50,000
Headquarters
Johannesburg, NA - South Africa, South Africa
Established
1918
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
SLM.JO
Social Media
Overview
Location
Summary
Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, and internationally. The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. It offers life, disability, severe illness, income protection, funeral, credit life, health, short-term, medical, and group risk benefits, business debt, commercial insurance products; reinsurance products; financial planning and retirement, personal motor and property, solutions; investment products; wealth, and professionals and graduates insurance services; and personal and home loans, and credit cards. The company also provides payment and debit cards order collection, corporate credit, debt and equity structuring, business advice, risk management, and employee health and retirement plans for small and medium businesses, and self-employed professionals. The company was founded in 1918 and is headquartered in Bellville, South Africa.
History

The Suid-Afrikaanse Nasionale Trust en Assuransie Maatskappy Beperk , Santam, was registered on 28 March 1918. It was then decided to convert the life assurance department into a separate company, and the Suid-Afrikaanse Nasionale Lewens Assuransie Maatskappy Beperk , Sanlam, was registered on 8 June 1918. Sanlam, the subsidiary, later became the spearhead of the operation, while Santam remained focused on short-term insurance.

Sanlam showed a small profit at the end of its first year, declared a bonus, and continued to grow consistently from there.

Santam remained the controlling shareholder until 1954 when Sanlam became an independent mutual life assurance company, as well as the largest single shareholder in Santam.

Over the years, Sanlam's focus gradually shifted from traditional life insurance to providing a broader range of financial products and services. In 1998 Sanlam demutualised, listing on the Johannesburg Stock Exchange Ltd and the Namibian Stock Exchange. This changed Sanlam from a mutual entity into a public company with a share capital, namely Sanlam Life Insurance Ltd. At the same time a separate company, Sanlam Ltd, was installed as the parent company of the Sanlam group of businesses. The group was also restructured into several independent businesses within a federal business structure.

Today, Sanlam is a diversified financial services provider with an extensive product offering catering for all market segments. The group has consistently grown its local as well as an international footprint – it now has a presence in 33 African countries also India, Malaysia, the UK and Ireland, the USA, Australia and the Philippines.

In 2018, Sanlam concluded its $1.1 billion acquisition of SAHAM Finances. Additionally, the group announced details of its R11 billion BEE deal, which will see it increasing its direct black shareholding to 18% and black economic ownership to 35%.In December 2021, The Sanlam Group entered into discussions with Allianz for the acquisition of the entire group in Africa except South Africa. Discussions are conducted between the group's headquarters in Bellville and Munich.

Mission
Our mission is to create sustainable prosperity for our clients and stakeholders by providing financial services and solutions which meet their needs.
Vision
Our vision is to become the most trusted financial services provider in South Africa.
Key Team

Mr. Wikus Olivier (Group Exec. of Strategy)

Mr. Sydney Mbhele (Chief Exec. of Brand)

Ms. Kanyisa Mkhize (Chief Exec. Officer of Corp.)

Mr. Bongani Madikiza (Chief Exec. Officer of SA Retail Mass)

Mr. Karl-Bart Xhanti Thomas Socikwa BCom, IPBM(IMD), LLB, MAP (Group Exec. of Market Devel.)

Mr. Anton Gildenhuys (Chief Exec. Officer of SA Retail Affluent)

Mr. Mlondolozi Mahlangeni (Chief Risk Officer & Chief Actuary)

Recognition and Awards
Sanlam has won various prestigious awards for its performance over the years, including Best Insurance Company in South Africa in 2011 and 2012, and Most Innovative Insurance Company in South Africa in 2012 and 2013.
References
Sanlam
Leadership team

Mr. Paul Brendan Hanratty F.I.A. (Group CEO & Exec. Director)

Ms. Abigail Muelelwa Mukhuba B.Com., C.A., M.B.A. (Fin. Director & Exec. Director)

Mr. Heinie Carl Werth B Acc CA(SA), M.B.A., MBA (CEO of Sanlam Emerging Markets & Exec. Director)

Products/ Services
Financial Services
Number of Employees
20,000 - 50,000
Headquarters
Johannesburg, NA - South Africa, South Africa
Established
1918
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
SLM.JO
Social Media