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India

Sanlam Ltd (SLMJ.J)

SLMJ.J on Johannesburg Stock Exchange

5,287.00ZAc
18 Sep 2020
Change (% chg)

-99.00 (-1.84%)
Prev Close
5,386.00
Open
5,450.00
Day's High
5,450.00
Day's Low
5,241.00
Volume
16,449,943
Avg. Vol
6,358,765
52-wk High
8,474.00
52-wk Low
3,850.00

Latest Key Developments (Source: Significant Developments)

Sanlam Reports HY Basic Headline Earnings Per Share 188,5 Cents
Thursday, 10 Sep 2020 

Sept 10 (Reuters) - Sanlam Ltd ::SANLAM - NO INTERIM DIVIDEND DECLARED IN LINE WITH GROUP POLICY.SANLAM - HY NET FUND INFLOWS OF R33 BILLION COMPARED TO R23 BILLION IN 2019.SANLAM - HY NEW BUSINESS VOLUMES INCREASED BY 40% TO R157 BILLION.SANLAM - IMPROVEMENT IN RISK CLAIMS EXPERIENCE IN SECOND HALF OF 2019 PERSISTED INTO 2020.SANLAM - HY BASIC HEADLINE EARNINGS PER SHARE 188,5 CENTS.SANLAM - OPERATING ENVIRONMENT WILL REMAIN CHALLENGING IN THE SECOND HALF OF 2020.SANLAM - IMPACT OF COVID-19 ON CLAIMS AND PERSISTENCY EXPERIENCE IN OUR LIFE BUSINESSES IS EXPECTED TO DETERIORATE IN THE SECOND HALF.SANLAM - GROWTH IN NEW BUSINESS VOLUMES IS THEREFORE EXPECTED TO REDUCE TOWARDS THE END OF THE YEAR.  Full Article

African Rainbow Capital Investments Says ARC FS Buying Economic Interest Of 25% In SIH
Thursday, 20 Aug 2020 

Aug 20 (Reuters) - African Rainbow Capital Investments Ltd ::JSE: AIL - PROPOSED ACQUISITION OF 25% SHAREHOLDING IN SANLAM’S THIRD-PARTY ASSET MANAGEMENT BUSINESS.AFRICAN RAINBOW CAPITAL INVESTMENTS LTD - ARC FS PURCHASING SHARES IN NEWCO WHICH WILL GIVE IT AN EFFECTIVE ECONOMIC INTEREST OF 25% IN SIH.  Full Article

Sanlam Sees HY Diluted HEPS Range Between 161.6 Cents - 186.5 Cents
Friday, 16 Aug 2019 

Aug 16 (Reuters) - Sanlam Ltd ::JSE: SLM - TRADING STATEMENT – 2019 INTERIM RESULTS.SANLAM LTD SAYS A ONE-OFF EXPENSE OF R1.7 BILLION RECOGNISED IN TERMS OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) 2 SHARE BASED PAYMENT.SANLAM LTD - SEES HY HEPS RANGE BETWEEN 163.2 CENTS - 188.3 CENTS.SANLAM - HEADLINE EARNINGS AND EARNINGS ATTRIBUTABLE TO EQUITY HOLDERS FOR HY SEEN DECREASING BY BETWEEN 25% AND 35% VERSUS FIRST HALF OF 2018.SANLAM LTD - SEES HY DILUTED HEPS RANGE BETWEEN 161.6 CENTS - 186.5 CENTS.  Full Article

Sanlam Financial Director Heinie Werth To Take Over New Role As CEO Of Sanlam Emerging Markets
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Sanlam Ltd ::EXECUTIVE MANAGEMENT CHANGES AT SANLAM AS IT EMBEDS ITS PAN AFRICA STRATEGY.GROUP'S FINANCIAL DIRECTOR, MR HEINIE WERTH, WILL TAKE OVER A NEW ROLE AS CHIEF EXECUTIVE OFFICER (CEO) OF SANLAM EMERGING MARKETS.WIKUS OLIVIER WILL ACT IN POSITION OF INTERIM CHIEF FINANCIAL OFFICER (CFO) WITH EFFECT FROM 01 AUGUST 2019.WILL IMMEDIATELY START PROCESS TO RECRUIT A NEW GROUP FINANCIAL DIRECTOR.JUNIOR NGULUBE, WHO IS CEO OF SANLAM PAN AFRICA AND DUE TO RETIRE IN 18 MONTHS, WILL TAKE ON ROLE OF VICE CHAIRMAN OF SPA.  Full Article

Sanlam FY Diluted HEPS Of 441,1 Cents
Thursday, 7 Mar 2019 

March 7 (Reuters) - Sanlam Ltd ::DIVIDEND PER SHARE OF 312 CENTS, UP 8%.FY NET VALUE OF NEW COVERED BUSINESS UP 7.8% TO R2 BILLION (UP 14% ON CONSISTENT ECONOMIC BASIS).FY DILUTED HEADLINE EARNINGS PER SHARE 441,1 CENTS.FY NET NEW COVERED BUSINESS MARGIN OF 2.67% ON CONSISTENT ECONOMIC BASIS (2.94% IN 2017).FY NEW BUSINESS VOLUMES INCREASED BY 1% TO R223 BILLION.FY NET FUND INFLOWS OF R42 BILLION COMPARED TO R37 BILLION IN 2017.FY NORMALISED HEADLINE EARNINGS PER SHARE CENTS 431,7 CENTS.FY RETURN ON GROUP EQUITY VALUE PER SHARE OF 11.6%.ZAMBIAN HEALTH BUSINESS EXPERIENCED ONE-OFF LOSSES OF R32 MILLION, INCLUDING BAD DEBT PROVISIONS FOR AMOUNTS OWING BY FORMER OUTSOURCED PARTNER.ZAMBIAN HEALTH BUSINESS TURNAROUND IN PROSPECTS IS ALREADY EVIDENT.  Full Article

Sanlam Says It Will Issue 111.3 Mln New Shares To An Entity
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Sanlam Ltd ::TO ISSUE 111.3 MLN NEW SHARES TO ENTITY HELD BY NEW, EXISTING BROAD BASED BLACK ECONOMIC EMPOWERMENT SHAREHOLDERS .PROCEEDS FROM DEAL TO BE USED TO REDEEM SHORT-TERM DEBT FACILITIES INCURRED AS PARTIAL FUNDING TO ACQUIRE 53.37 PCT SAHAM FINANCES SHAREHOLDING.DEAL'S FUNDING REQUIREMENT WILL BE SPLIT 50/50 BETWEEN SECOND RANKING PREFERENCE SHARES AND STANDARD BANK FUNDING PACKAGE.PROPOSED TRANSACTIONS WILL NOT HAVE A NEGATIVE IMPACT ON SANLAM'S SOLVENCY POSITION OR CREDIT RATING.  Full Article

Sanlam Employee Benefits CEO Dawie De Villiers Resigns
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Sanlam Ltd ::SAYS DAWIE DE VILLIERS, CEO OF SANLAM EMPLOYEE BENEFITS, RESIGNED & WILL LEAVE CO ON 31 OCT.SAYS JOCELYN HATHAWAY APPOINTED TO ACT AS CEO OF SEB UNTIL PERMANENT APPOINTMENT MADE.  Full Article

Insurer Sanlam to book around 7.8 billion rand in impairment charges

Aug 19 South Africa's largest insurer Sanlam Ltd said on Wednesday it would book the bulk of around 7.8 billion rand ($453.33 million) in impairment charges, mostly related to its acquisition of Saham Finances, in the first half of 2020.