We are a leading financial services group in South Africa. Our head office is in Bellville near Cape Town.
We celebrated our 90th birthday in 2008. In nine decades Sanlam has set benchmarks for wealth creation, innovation and empowerment in South Africa.
We have offices throughout South Africa and also have business interests elsewhere in Africa, Europe, India, Australia and the USA.
The Group demutalised in 1998 and Sanlam Limited then listed on the JSE Limited in Johannesburg and the Namibian Stock Exchange.
The Sanlam Group conducts its business through Sanlam Limited, the corporate head office and four business clusters. The corporate head office is responsible for the Groups's centralised functions such as strategic direction, financial and risk management, marketing and communications, Group human resources and corporate social investment (CSI).
Retail cluster |
Contribution to net Group operating result:
R1 979 million
Contribution to Group new business volumes:
R38 288 million
Operational areas:
South Africa, Botswana, Namibia, United Kingdom, Kenya, Ghana, India, Tanzania, Zambia |
The Retail cluster includes Sanlam Personal Finance, Sanlam Developing Markets and Sanlam UK.
Sanlam Personal Finance: is a major provider of a wide range of individual life insurance and personal financial services and solutions, including estate planning and trusts, health management, personal loans, linked products, money transfer, debit card, savings facilities and financial services in South Africa and Namibia.
Sanlam Developing Markets: provides affordable financial services solutions primarily to the entry-level market in South Africa and to the wider financial services segments in other developing markets in which Sanlam operates (seven other African countries as well as India).
Sanlam UK: provides life, specialist pension, investment management and financial advice services in the United Kingdom market.
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Institutional cluster |
Contribution to net Group operating result:
R861 million
Contribution to Group newbusiness volumes:
R53 571 million
Operational areas:
South Africa, Switzerland, Australia, Ireland, United Kingdom, Namibia, Botswana, Nigeria, Kenya, Zambia, India, USA |
The Institutional cluster includes the sub-clusters of Asset Management, Wealth Management, Sanlam Investments Capital Management, Employee Benefits, International Investments and Investment Services.
The cluster provides individual and institutional clients access to a comprehensive range of specialised investment and risk management expertise. Areas of expertise include local and international asset management, private equity, hedge funds, financial engineering, employee benefits and property investments.
Apart from in South Africa, the cluster offers these solutions and services in the Rest of Africa, India, Australia, Europe and the USA.
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Short-term Insurance cluster |
Contribution to net Group operating result:
R575 million
Contribution to Group new business volumes:
R13 667 million
Operational areas:
South Africa, Namibia, India |
The Short-term Insurance cluster is comprised of a 57% shareholding in Santam (which acquired MiWay from Sanlam in 2010) and a 26% stake in Shriram General Insurance in India.
The cluster focuses on the corporate, commercial and personal markets through broker networks and, through MiWay, on short-term insurance through a direct sales channel. Santam has related business interests elsewhere in Africa.
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Corporate |
Contribution to net Group operating result:
(R112) million
Operational areas:
South Africa |
The corporate head office is responsible for the Group’s centralised functions, which include strategic direction, financial and risk management, group marketing and group communications, group human resources and information technology, group sustainability management, corporate social investment and general group services.
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| The fact that new business volumes exceeded the R100 billion mark during the past financial year for the second time is a clear indication that we are on the right track with our strategy. Last year every single business cluster contributed to the strong performance, which makes this achievement even more significant. |
Sanlam is a pioneer in transformation and the Ubuntu-Botho transaction in 2004 reinforced its position as a leading financial services group, underpinned by quality BEE leadership and a comprehensive strategy to ensure meaningful and broad-based participation across South Africa.
The Group is also actively involved in CSI programmes with a focus in the areas of education, HIV/Aids, economic development and social development. Its CSI budget equates more that 0,5% of net profit after tax.
On 31 December 2010 Sanlam had R491 billion of assets under management.
What We Do
We provide financial solutions to individual and institutional clients.
These solutions include individual, group and short-term insurance, personal financial services such as estate planning, trusts, home and personal loans, savings and linked products, investment, asset management, property asset management, stockbroking, risk management and capital market activities.
We provide these solutions to various segments of the markets where we operate and offer the solutions from a number of mutually dependent business entities in our Group.
From a life insurance company with our establishment in 1918, we have, in short, grown into a diversified one-stop financial services group, offering our clients a journey for life for their financial needs.
Directors
Executive Committee
