Annonce • 1h
Sanlam Limited to Report Q1, 2026 Results on May 21, 2026 Sanlam Limited announced that they will report Q1, 2026 results on May 21, 2026 Annonce • Mar 26
Sanlam Limited, Annual General Meeting, Jun 10, 2026 Sanlam Limited, Annual General Meeting, Jun 10, 2026. Annonce • Mar 25
Sanlam Ltd Appoints Theo Mabaso as Group Chief AI Officer Sanlam Ltd. has appointed Theo Mabaso as group chief AI officer, elevating artificial intelligence (AI) to the centre of the insurance giant's enterprise strategy. The move signals a shift by the financial services group to operationalise AI at scale, embedding it across underwriting, claims, financial advice and client engagement. It also introduces a more formalised governance layer, with dedicated oversight, structured investment and clearer capital allocation aligned to AI-driven initiatives. While retaining his role as group chief technology and information officer, Mabaso will drive and govern the firm's overall AI strategy, as it transitions from experimentation to execution. He has been instrumental in modernising Sanlam's technology stack and laying the groundwork for enterprise-wide AI adoption. His appointment builds on that foundation, positioning AI as a core lever for competitive differentiation, operational efficiency and long-term resilience. In 2025, he contributed to the B20 South Africa Digital Transformation Task Force, focusing on the role of technology in driving inclusive growth. The creation of a group chief AI officer role reflects a growing trend among large financial institutions to institutionalise AI leadership at executive level, particularly as regulatory scrutiny intensifies and the technology's impact on decision-making becomes more material. Annonce • Mar 13
Sanlam Limited announces Annual dividend, payable on April 13, 2026 Sanlam Limited announced Annual dividend of ZAR 4.8500 per share payable on April 13, 2026, ex-date on April 08, 2026 and record date on April 10, 2026. Annonce • Feb 07
Sanlam Limited to Report Fiscal Year 2025 Results on Mar 12, 2026 Sanlam Limited announced that they will report fiscal year 2025 results at 9:00 AM, South Africa Standard Time on Mar 12, 2026 Annonce • Sep 02
Sanlam Limited to Report First Half, 2025 Results on Sep 04, 2025 Sanlam Limited announced that they will report first half, 2025 results on Sep 04, 2025 Annonce • Mar 27
Sanlam Limited, Annual General Meeting, Jun 04, 2025 Sanlam Limited, Annual General Meeting, Jun 04, 2025. Annonce • Mar 07
Sanlam Limited announces Annual dividend, payable on April 07, 2025 Sanlam Limited announced Annual dividend of ZAR 4.4500 per share payable on April 07, 2025, ex-date on April 02, 2025 and record date on April 04, 2025. Annonce • Feb 20
Sanlam Limited to Report Fiscal Year 2024 Results on Mar 06, 2025 Sanlam Limited announced that they will report fiscal year 2024 results on Mar 06, 2025 Annonce • Feb 03
Sanlam Limited and Sanlam Life Insurance Limited Announce Step Down of Thembisa Skweyiya as Non-Executive Director and Member of the Customer Interest Committee, Risk and Compliance Committee, Non-Executive Directors Committee and Independent Non-Executive Directors Committee Sanlam Limited announced that Ms Thembisa Skweyiya has, for personal reasons, stepped down as a non-executive director of both the Sanlam Limited and Sanlam Life (Sanlam Life Insurance Limited) boards as well as a member of the Customer Interest Committee, Risk and Compliance Committee, Non-Executive Directors Committee and Independent Non-Executive Directors Committee, with immediate effect. New Risk • Nov 01
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Annonce • Aug 08
Sanlam Limited to Report Q2, 2024 Results on Sep 05, 2024 Sanlam Limited announced that they will report Q2, 2024 results on Sep 05, 2024 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R83.27, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Insurance industry in Africa. Total returns to shareholders of 62% over the past three years. Annonce • Jun 08
Sanlam Limited Announces Board and Committee Changes Sanlam Limited at its AGM held on June 5, 2024 approved appointment of Temba Mvusi as independent non-executive director and Kobus Möller and Ndivhuwo Manyonga as members of the Audit Committee. Composition of audit committee: Andrew Birrell, Nicolaas Kruger, Mathukana Mokoka, Kobus Möller, Karabo Nondumo and Ndivhuwo Manyonga. Upcoming Dividend • Mar 27
Upcoming dividend of R4.00 per share Eligible shareholders must have bought the stock before 03 April 2024. Payment date: 08 April 2024. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 5.7%. Lower than top quartile of Namibian dividend payers (10.0%). Higher than average of industry peers (4.6%). New Risk • Mar 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.8% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (5.8% net profit margin). Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Declared Dividend • Mar 10
Dividend of R4.00 announced Shareholders will receive a dividend of R4.00. Ex-date: 3rd April 2024 Payment date: 8th April 2024 Dividend yield will be 5.4%, which is lower than the industry average of 10%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Annonce • Mar 06
Sanlam Limited, Annual General Meeting, Jun 05, 2024 Sanlam Limited, Annual General Meeting, Jun 05, 2024. Annonce • Dec 29
Sanlam Limited and Sanlam Life Insurance Limited Announce Resignation of Heinie Werth as Executive Director with Effect from 31 December 2023 Sanlam Limited announced that In accordance with paragraphs 3.59 and 6.39 of the JSE Limited Listings and Debt Listings Requirements, following the successful completion of the SanlamAllianz transaction to form the SanlamAllianz JV, Mr. Heinie Werth has been appointed as CEO of SAZ JV. Mr. Werth is therefore stepping down from both the Sanlam and Sanlam Life Boards as an executive director with effect from 31 December 2023 to focus on management of the SAZ JV on behalf of Sanlam and Allianz. The Sanlam and Sanlam Life Boards have expressed its deep gratitude to Heinie Werth for his service and for 25 years at Sanlam, where he has had a distinguished career including serving inter alia as Group Finance Director and as CEO of Sanlam Emerging Markets. The Board wishes Mr. Werth the best for his new role in driving the SAZ JV on the continent. Annonce • Nov 22
Sanlam Limited Appoints Nicolaas Kruger as Member of the Nominations Committee Sanlam Limited announced that Mr. Nicolaas Kruger (independent non-executive director of the company) has been appointed as a member of the Nominations Committee with immediate effect. Recent Insider Transactions • Oct 16
Non Executive Director recently sold R69m worth of stock On the 12th of October, Johan van Zyl sold around 1m shares on-market at roughly R68.82 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R69m more than they bought in the last 12 months. Annonce • Jun 21
Sanlam Limited to Report Fiscal Year 2023 Results on Mar 07, 2024 Sanlam Limited announced that they will report fiscal year 2023 results on Mar 07, 2024 Recent Insider Transactions • Apr 30
Board Member recently sold R534k worth of stock On the 25th of April, Heinie Werth sold around 10k shares on-market at roughly R55.46 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R2.0m more than they bought in the last 12 months. Upcoming Dividend • Mar 28
Upcoming dividend of R3.60 per share at 6.4% yield Eligible shareholders must have bought the stock before 04 April 2023. Payment date: 11 April 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Namibian dividend payers (13%). Higher than average of industry peers (5.5%). Reported Earnings • Mar 10
Full year 2022 earnings released Full year 2022 results: Revenue: R93.1b (down 57% from FY 2021). Net income: R11.2b (up 18% from FY 2021). Profit margin: 12% (up from 4.4% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 25% decline forecast for the Insurance industry in Africa. Annonce • Jan 11
BCorp in Talks MCIS Insurance for Asset Acquisition Berjaya Corporation Berhad (KLSE:BJCORP) (BCorp) is in talks with MCIS Insurance Berhad to acquire the latter's life insurance arm, MCIS Life. The group informed Bursa Malaysia Securities in a filing on January 10, 2023 that it is "in the midst of negotiation for the proposed acquisition of a controlling stake in MCIS Insurance Bhd". Sanlam Limited (JSE:SLM) Ltd. holds a 51% stake in MCIS Life, while Koperasi MCIS Bhd holds another 44.39% equity interest in the life insurance company. In December 2022, BCorp announced that its founder and major shareholder Tan Sri Vincent Tan Chee Yioun intends to pare his shareholding in the group to not more than 19.6% by end-January 2023. This, the group said, was to facilitate the potential acquisition of a financial institution. According to Section 92 of the Financial Services Act, individuals shall hold no more than a 10% stake in a financial institution. Annonce • Dec 15
Sanlam Limited, Annual General Meeting, Jun 07, 2023 Sanlam Limited, Annual General Meeting, Jun 07, 2023. Annonce • Oct 12
Sanlam Limited (JSE:SLM) made an offer to acquire a 43.9% stake in AfroCentric Investment Corporation Limited (JSE:ACT). Sanlam Limited (JSE:SLM) made an offer to acquire a 43.9% stake in AfroCentric Investment Corporation Limited (JSE:ACT) on October 11, 2022. Sanlam Limited (JSE:SLM) will acquire maximum of 252 million shares representing 43.9% at ZAR 6 each. The consideration for the Offer Shares is ZAR 6 per Offer Share, payable either in cash or in shares in Sanlam (“Sanlam Shares”) or a combination thereof, at the election of each Afrocentric Shareholder which can be cash in respect of 100% of the Afrocentric Shares tendered by such Afrocentric Shareholder, cash in respect of 50% and Sanlam Shares in respect of 50% of the Afrocentric Shares tendered by such Afrocentric Shareholder or Sanlam Shares in respect of 100% of the Afrocentric Shares tendered by such Afrocentric Shareholder. The Offer Consideration which is required to be settled in cash will be funded by Sanlam from available cash balances.
The tender offer is subject to minimum tender of 31.3%. The Conditions Precedent to the Partial Offer include the condition that the Afrocentric Shareholders approve the issue by Afrocentric to Sanlam Life of 231.340754 million new shares in Afrocentric (“Consideration Shares”), credited as fully paid-up and listed on the stock exchange operated by JSE Limited (“JSE”). These shares will constitute approximately 28.7% of the issued shares in Afrocentric subsequent to such issue and will be issued in exchange for and as consideration for the disposal by Sanlam Life to Afrocentric of all the shares held by Sanlam Life in AHA (“Asset for Share Transaction”). Sanlam Life currently holds 28.7% of the issued share capital of AHA (“A4S Shares”). If less than the Minimum Shares Requirement of the Afrocentric Shares are tendered in terms of the Partial Offer, Sanlam will be entitled to elect whether or not to proceed with the Transaction. If Sanlam elects to proceed in circumstances where less than the Minimum Shares Requirement is tendered, Sanlam will acquire all Afrocentric Shares that are tendered in terms of the Partial Offer. The Transaction will not proceed if less than the Absolute Floor is tendered in terms of the Partial Offer. If between 36.9% (the Minimum Shares Requirement) and 43.9% (the Maximum
Shares Percentage) (inclusive) of the Afrocentric Shares are tendered in terms of the Partial Offer, Sanlam will be obliged to proceed with the Transaction and accept all Afrocentric Shares tendered in terms of the Partial Offer up to the Maximum Shares Percentage, on the basis that (i) Sanlam will accept all of the Afrocentric Shares tendered by each Afrocentric Shareholder who tenders up to the Maximum Shares Percentage of the Afrocentric Shares it holds; and (ii) in respect of each Afrocentric Shareholder who tenders Afrocentric Shares in excess of the Maximum Shares Percentage. The transaction is also subject to regulatory approvals from JSE and approvals from relevant competition authorities.
Rand Merchant Bank acted as financial advisor to Sanlam, Edward Nathan Sonnenbergs Inc. acted as a legal advisor to Sanlam. Investec Bank plc and BDO Corporate Finance Proprietary Limited acted as financial advisor to AfroCentric and Norton Rose South Africa acted as a legal advisor to AfroCentric. Reported Earnings • Sep 09
First half 2022 earnings released: EPS: R2.74 (vs R1.80 in 1H 2021) First half 2022 results: EPS: R2.74 (up from R1.80 in 1H 2021). Revenue: R9.41b (down 91% from 1H 2021). Net income: R5.30b (up 43% from 1H 2021). Profit margin: 56% (up from 3.7% in 1H 2021). The increase in margin was driven by lower expenses. Revenue is expected to fall by 2.9% p.a. on average during the next 3 years compared to a 33% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annonce • Jun 29
Sanlam Limited to Report Fiscal Year 2022 Results on Mar 09, 2023 Sanlam Limited announced that they will report fiscal year 2022 results on Mar 09, 2023 Annonce • May 05
Allianz SE (XTRA:ALV) agreed to acquire Sanlam Limited. Allianz SE (XTRA:ALV) agreed to acquire Sanlam Limited on May 4, 2022. Allianz SE and Sanlam Limited have agreed to combine their current and future operations across Africa to create the largest Pan-African non-banking financial services entity on the continent. The combined operations of Sanlam and Allianz will create a premier Pan-African non-banking financial services entity. The joint venture will house the business units of both Sanlam and Allianz in the African countries where one or both companies have a presence. Namibia will be included at a later stage and South Africa is excluded from the agreement. Upcoming Dividend • Mar 30
Upcoming dividend of R3.34 per share Eligible shareholders must have bought the stock before 06 April 2022. Payment date: 11 April 2022. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Lower than top quartile of Namibian dividend payers (10%). Higher than average of industry peers (4.0%). Annonce • Mar 06
Sanlam Limited and Sanlam Life Insurance Limited Announces the Retirement of Dr Rejoice Simelane from the Board of Directors Sanlam Limited announced that Dr. Rejoice Simelane will be retiring from the board of directors of Sanlam and Sanlam Life Insurance Limited with effect from 05 March 2022, being the compulsory age of retirement as per the Memorandum of Incorporation. Reported Earnings • Sep 12
First half 2021 earnings released: EPS R1.80 (vs R1.71 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: R99.4b (up 99% from 1H 2020). Net income: R3.72b (up R7.25b from 1H 2020). Profit margin: 3.7% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Annonce • Sep 03
Sanlam Limited Provides Earnings Guidance for the Six Months Ended June 30, 2021 Sanlam Limited provided earnings guidance for the six months ended June 30, 2021. For the six months, the company expects HEPS in the range of 188.5 cents to 207.4 cents, diluted HEPS is expected in the range of 185.8 cents to 204.4 cents, EPS is expected in the range of 170.9 cents to 188.0 cents and diluted EPS is expected in the range of 168.4 cents to 185.2 cents. Upcoming Dividend • Mar 31
Upcoming dividend of R3.00 per share Eligible shareholders must have bought the stock before 07 April 2021. Payment date: 12 April 2021. Trailing yield: 5.0%. Lower than top quartile of Namibian dividend payers (7.5%). Higher than average of industry peers (4.0%). Is New 90 Day High Low • Mar 13
New 90-day high: R64.05 The company is up 9.0% from its price of R58.70 on 11 December 2020. The Namibian market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R21.86 per share. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS R1.39 (vs R3.46 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: R129.8b (down 18% from FY 2019). Net income: R2.86b (down 60% from FY 2019). Profit margin: 2.2% (down from 4.5% in FY 2019). Combined ratio: 84.4% (up from 79.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Annonce • Mar 12
Sanlam Limited Declares Cash Dividend for the Year Ended December 31, 2020, Payable on April 12, 2021 Sanlam Limited announced that final gross cash dividend of 300 cents per share declared for the Year Ended December 31, 2020, a decrease of 10% on the prior year dividend. The dividend is payable on April 12, 2021 by way of electronic bank transfers to ordinary shareholders recorded in the register of the company’s at close of business on April 9, 2021. The last date to trade to qualify for this dividend will be April 6, 2021, and shares will trade ex- dividend from April 7, 2021. Annonce • Feb 18
Sanlam Limited, Annual General Meeting, Jun 09, 2021 Sanlam Limited, Annual General Meeting, Jun 09, 2021. Is New 90 Day High Low • Feb 04
New 90-day high: R59.82 The company is up 15% from its price of R51.95 on 06 November 2020. The Namibian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R24.35 per share. Is New 90 Day High Low • Jan 01
New 90-day high: R58.75 The company is up 9.0% from its price of R53.76 on 02 October 2020. The Namibian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Insurance industry, which is also up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R24.63 per share. Is New 90 Day High Low • Dec 08
New 90-day high: R58.36 The company is up 3.0% from its price of R56.41 on 10 September 2020. The Namibian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Insurance industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R19.09 per share. Annonce • Dec 04
Sanlam Scouts Bidders for 52% Nucleus Stake Sanlam has begun speaking to bidders about a potential sale of its 52.2% stake in Nucleus (NUC), New Model Adviser has learned. The wealth manager, which has owned a stake in the platform since 2008, recently appointed a broker to scout out buyers for its equity in the business, multiple industry sources told New Model Adviser. It is understood at least three interested parties are in the running for the shares. One source said the process was well underway and a deal was possible before the end of the year. New Model Adviser understands City acquisition broker Pakenham Partners was originally advising Sanlam, however following the death of its founder Kevin Pakenham in July a new adviser was appointed. Both Sanlam and Nucleus declined to comment. Is New 90 Day High Low • Oct 31
New 90-day low: R47.27 The company is down 22% from its price of R60.81 on 31 July 2020. The Namibian market is down 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R19.77 per share. Annonce • Oct 13
Sanlam Limited and Sanlam Life Insurance Limited Appoint Abigail Mukhuba as an Executive Director to the Board Sanlam Limited and Sanlam Life Insurance Limited announced that Ms. Abigail Mukhuba has been appointed as an Executive director to the Boards of Sanlam Limited and Sanlam Life Insurance Limited, effective 01 October 2020. Her appointment has been approved by the Prudential Authority in terms of the Insurance Act No 18 of 2017. Abigail joins Sanlam from the leading mining company, African Rainbow Minerals Limited, where she held the position of Finance Director since 2017. Is New 90 Day High Low • Sep 22
New 90-day low: R50.81 The company is down 14% from its price of R58.82 on 24 June 2020. The Namibian market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R20.33 per share. Annonce • Sep 17
African Rainbow Capital Proprietary Limited agreed to acquire 25% stake in Sanlam Investment Holdings Limited from Sanlam Limited (JSE:SLM) for ZAR 815 million. African Rainbow Capital Proprietary Limited agreed to acquire 25% stake in Sanlam Investment Holdings Limited from Sanlam Limited (JSE:SLM) for ZAR 815 million on August 20, 2020. Under the terms of financing, 80% of the purchase price will be settled by utilizing a portion of the preference share facility made available to UBI. Sanlam will own the remaining economic interest in Sanlam Investment Holdings and following implementation of the transaction, the Sanlam Investment Holdings shareholders may allow senior management of Sanlam Investment Holdings to participate in up to 5% of the effective economic interest in Sanlam Investment Holdings on market related commercial terms. The transaction is subject to certain conditions, including approvals from the relevant regulatory authorities (including the Prudential Authority) and receipt of a positive Fairness Opinion. The transaction is expected to be completed during the last quarter of 2020.