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Building legacies

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.

Our Legacy

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Our Legacy

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.

Sanlam EVP - Leadership

"We are committed to transformation and are as
relevant today as we were almost 100 years ago."

Empowerment

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Empowerment

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.

1993

First SA BEE
transaction

Sanlam EVP - Reputation Timeline
Sanlam EVP - Reputation Timeline

1996

Pioneering BEE
Financing in SA

1996

Empowerment
Equity Fund

Sanlam EVP - Reputation Timeline
Sanlam EVP - Reputation Timeline

1998

Sanlam
Listed on JSE

Sanlam EVP - Reputation Timeline

1998

Black Management Forum
Investments Company (BMFIC)

Sanlam EVP - Reputation Timeline

2002

Umsobomvu Youth
Fund

Sanlam EVP - Reputation Timeline

2004

Ubuntu-Botho
Empowerment Partnership

Sanlam EVP - Reputation Timeline

2013

Ubuntu-Botho
matures

Sanlam EVP - Reputation Timeline

2016

Launch of African
Rainbow Capital

1993

First SA BEE transaction

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.

1996

Pioneering BEE Financing in SA

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.

1996

Empowerment Equity Fund

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.

1998

Sanlam Listed on JSE

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.

1998

Black Management Forum Investments Company (BMFIC)

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%.

2002

Umsobomvu Youth Fund

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.

2004

Ubuntu-Botho Empowerment Partnership

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.

2013

Ubuntu-Botho matures

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.

2016

Launch of African Rainbow Capital

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.