We are committed to transformation and sustainable progress, to creating a world worth living in. We invest in our communities, our environment and will continue to empower people to live their best possible lives.
We are WealthsmithsTM and if you work for us, you work for a company that wants to make a positive difference to the lives of the communities in which it operates, but most importantly to the lives of its staff.
For nearly 100 years we’ve been committed to achieving at the highest level, to doing what needs to be done, time and time again. Why? Because we know that success depends on a steadfast commitment to pursuing it in a resolutely determined and purposeful manner.This is what makes us leaders, and this is what makes us WealthsmithsTM.
Our WealthsmithTM culture is rooted in sincerity, respect and care for each other and our extended communities. We are focused on doing the right things and doing them together.
We believe in a deeper reward that comes from a job well done and knowing that what you do makes a very real, tangible difference in the world.
To us growth means never being satisfied with where you are and wanting to do more and do it better. As WealthsmithsTM we know that our work is never done. And we know we are only as good as our people. This is why we inspire and encourage continual learning and growth.
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We’re in the business of building legacies. Since our inception in 1918 we have held true to our founding purpose of empowering people to live their best possible lives. This commitment stems from a sincere desire to make a real and positive difference and create lasting value.
"We are committed to transformation and are as
relevant today as we were almost 100 years ago."
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Sanlam has a history of empowering people. We are committed to transformation and sustainable progress, to creating a world worth living in. From the early days of creating business opportunities for the Afrikaner minority, to Black Economic Empowerment (BEE) initiatives in post-apartheid South Africa, Sanlam has been at the forefront of economic empowerment.
First SA BEE transaction
Pioneering BEE Financing in SA
Empowerment Equity Fund
Sanlam Listed on JSE
Black Management Forum Investments Company (BMFIC)
Umsobomvu Youth Fund
Ubuntu-Botho Empowerment Partnership
Launch of African Rainbow Capital
We sold our controlling stake in Metropolitan to a black-owned company, Methold. This was the first national black economic empowerment (BEE) transaction and resulted in the formation of New Africa Investment (NAIL), the first major black-controlled company to list on the JSE.
Sanlam Private Equity pioneered BEE financing in South Africa by providing start-up capital of R100 million for the establishment of the R2 billion Sanlam Development Fund. Over time the fund has funded over 100 BEE deals.
Sanlam and Real Africa formed a separate asset management company, Real Africa Asset Management (RAAM). Soon after, RAAM launched the Empowerment Equity Fund, the first unit trust to focus on 'black chip' investments. In 2001 RAAM merged with Wiphold's asset management arm (WIPAM) to form a broad-based empowerment asset management group, which led to the formation of Pan-African Asset Management (PAM) in 2006.
Sanlam Limited was listed on the JSE and the Namibian Stock Exchange – the largest initial public offering in the history of South Africa at the time. It trebled the number of shareholders on the JSE through empowering more than two million Sanlam policyholders by turning them into Sanlam shareholders.
The previously private Black Management Forum Investments Company (BMFIC), formed in 1996, converted into a public company. Currently the BMF owns 64%, Sanlam 30% and 240 individual members 6%.
Sanlam paid R278 million into the government’s Umsobomvu Youth Fund, which was created to develop skills and create jobs among young South Africans. The fund has spent about R470 million on 61 projects over the past years.
The sale of 8% of our shares to Ubuntu-Botho ushered in a new era of business and socio-economic growth, enhancing Sanlam’s proud history of being leader in empowerment and transformation. It became one of the most far-reaching black empowerment transactions to date, empowering people, organisations and small businesses at even the most rural level, fast tracking Sanlam’s transformation into a truly South African company.
In December 2013, the initial 10-year contract of the Sanlam Ubuntu-Botho empowerment partnership matured after creating about R15 billion in value, making it arguably one of the most successful transactions of its kind in South African history. An agreement was reached to extend the partnership with Ubuntu-Botho into the future.
African Rainbow Capital (ARC) was officially launched on 14 April 2016 and is a subsidiary of Ubuntu-Botho Investments, Sanlam’s empowerment partner. The venture, jointly headed by former Sanlam CEO Dr Johan van Zyl and former Sanlam Investments CEO Johan van der Merwe, seeks to build interests in banking, insurance, distribution, asset management, property, private equity and healthcare administration.