Sanlam and Santam correct shareholding figures in acquisition plan
The correction clarifies beneficial ownership at 61.9% and increases Scheme Consideration coverage, while the R505 per share price remains unchanged.
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Financial services group in Africa and Europe
sanlamonline.co.zaLast updated
In short: Sanlam reported a profit decline, advanced its Santam acquisition, launched banking, and expanded in Kenya and Morocco.
The correction clarifies beneficial ownership at 61.9% and increases Scheme Consideration coverage, while the R505 per share price remains unchanged.
Sanlam will acquire all remaining Santam shares via scheme of arrangement. The all-cash offer includes a premium and triggers automatic delisting from major exchanges.
The group highlights 22% new business growth and optimistic full-year guidance despite weather-related claims and market headwinds.
The appointment takes effect on 11 August 2026 and strengthens the Board with his actuarial expertise and strategic advisory experience.
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The move comes as insurers face pressure to improve operational efficiency, strengthen distribution and manage costs in a competitive market.
Last week, one of South Africa's most important financial stories of the year landed on SENS. Sanlam (JSE: SLM), through its subsidiary Sanlam Life, made...
NSX reported Sanlam's unaudited results for the six months ended June 30, 2026, with comparable core earnings up 1 percent to ZAR 7.377 billion. Comparable...
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