South African Insurance Low Leverage High Rewards

Sanlam

Market Cap: R185.6b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Santam

Market Cap: R42.3b

Provides various general insurance products and services to individuals, commercial, and corporate markets in South Africa, rest of Africa, and internationally.

Momentum Group

Market Cap: R51.2b

Provides insurance and financial services in South Africa and internationally.

Clientèle

Market Cap: R8.9b

Through its subsidiaries, engages in the provision of financial services in South Africa.