Santam Management
Management criteria checks 4/4
Santam's CEO is Tava Madzinga, appointed in Jul 2022, has a tenure of 3.92 years. total yearly compensation is ZAR24.57M, comprised of 34.6% salary and 65.4% bonuses, including company stock and options. directly owns 0.069% of the company’s shares, worth ZAR28.93M. The average tenure of the management team and the board of directors is 3.7 years and 5 years respectively.
Key information
Tava Madzinga
Chief executive officer
R24.6m
Total compensation
| CEO salary percentage | 34.59% |
| CEO tenure | 3.9yrs |
| CEO ownership | 0.07% |
| Management average tenure | 3.7yrs |
| Board average tenure | 5yrs |
Recent management updates
Recent updates
Analysis Article • May 21
Santam (JSE:SNT) Ticks All The Boxes When It Comes To Earnings Growth
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
New Narrative • Apr 07
Soft Pricing, Tech Demands And Weather Risks Will Shape Insurance Margins Going Forward
Catalysts About Santam Santam is a South African based short term insurer with operations across intermediated, direct and reinsurance channels, and a growing international footprint including a Lloyd's syndicate and an India hub. What are the underlying business or industry changes driving this perspective?
New Narrative • Mar 23
Global Lloyd’s Platform And New Partnerships Will Reshape Future Earnings Quality
Catalysts About Santam Santam is a South African based short term insurer with growing direct, reinsurance and international operations, including a Lloyd's syndicate and partnerships across Africa and India. What are the underlying business or industry changes driving this perspective?
New Narrative • Mar 09
International Buildout And Ecosystem Partnerships Will Reshape Earnings Mix Over The Long Term
Catalysts About Santam Santam is a South African based short-term insurer with a growing international and reinsurance footprint across specialist, direct and partnership channels. What are the underlying business or industry changes driving this perspective?Analysis Article • Dec 19
Risks To Shareholder Returns Are Elevated At These Prices For Santam Ltd (JSE:SNT)
Santam Ltd's ( JSE:SNT ) price-to-earnings (or "P/E") ratio of 12x might make it look like a sell right now compared to...Analysis Article • Sep 04
Santam (JSE:SNT) Has Announced A Dividend Of ZAR5.90
Santam Ltd ( JSE:SNT ) has announced that it will pay a dividend of ZAR5.90 per share on the 22nd of September. Based...Analysis Article • Aug 05
Do Santam's (JSE:SNT) Earnings Warrant Your Attention?
JSE:SNT 1 Year Share Price vs Fair Value Explore Santam's Fair Values from the Community and select yours For...Analysis Article • Jul 10
Santam Ltd's (JSE:SNT) Price Is Out Of Tune With Earnings
With a price-to-earnings (or "P/E") ratio of 12.9x Santam Ltd ( JSE:SNT ) may be sending bearish signals at the moment...Analysis Article • May 24
It Looks Like The CEO Of Santam Ltd (JSE:SNT) May Be Underpaid Compared To Peers
Key Insights Santam to hold its Annual General Meeting on 30th of May Salary of R8.00m is part of CEO Tava Madzinga's...Analysis Article • May 03
Here's Why Santam (JSE:SNT) Has Caught The Eye Of Investors
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Mar 07
Santam (JSE:SNT) Will Pay A Larger Dividend Than Last Year At ZAR9.85
Santam Ltd's ( JSE:SNT ) dividend will be increasing from last year's payment of the same period to ZAR9.85 on 24th of...Analysis Article • Jan 22
Here's Why We Think Santam (JSE:SNT) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Dec 10
Santam Ltd's (JSE:SNT) Share Price Could Signal Some Risk
With a price-to-earnings (or "P/E") ratio of 14.7x Santam Ltd ( JSE:SNT ) may be sending bearish signals at the moment...Analysis Article • Sep 01
Santam (JSE:SNT) Will Pay A Dividend Of ZAR5.35
The board of Santam Ltd ( JSE:SNT ) has announced that it will pay a dividend of ZAR5.35 per share on the 23rd of...Analysis Article • Jun 19
Santam Ltd's (JSE:SNT) Shareholders Might Be Looking For Exit
When close to half the companies in South Africa have price-to-earnings ratios (or "P/E's") below 8x, you may consider...Analysis Article • Apr 10
Should You Be Adding Santam (JSE:SNT) To Your Watchlist Today?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Mar 03
Santam (JSE:SNT) Will Pay A Dividend Of ZAR9.05
Santam Ltd ( JSE:SNT ) will pay a dividend of ZAR9.05 on the 25th of March. Based on this payment, the dividend yield...Analysis Article • Dec 29
Santam Ltd's (JSE:SNT) Shares May Have Run Too Fast Too Soon
Santam Ltd's ( JSE:SNT ) price-to-earnings (or "P/E") ratio of 12x might make it look like a sell right now compared to...Analysis Article • Oct 16
Is Now The Time To Put Santam (JSE:SNT) On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Sep 22
Santam's (JSE:SNT) Upcoming Dividend Will Be Larger Than Last Year's
Santam Ltd ( JSE:SNT ) will increase its dividend from last year's comparable payment on the 9th of October to...Analysis Article • Sep 06
Santam (JSE:SNT) Is Paying Out A Larger Dividend Than Last Year
Santam Ltd ( JSE:SNT ) has announced that it will be increasing its periodic dividend on the 26th of September to...Analysis Article • Mar 19
Santam Ltd's (JSE:SNT) Dismal Stock Performance Reflects Weak Fundamentals
Santam (JSE:SNT) has had a rough month with its share price down 7.3%. We decided to study the company's financials to...Analysis Article • Feb 18
What Kind Of Shareholders Own Santam Ltd (JSE:SNT)?
The big shareholder groups in Santam Ltd ( JSE:SNT ) have power over the company. Insiders often own a large chunk of...Analysis Article • Jan 28
Did You Participate In Any Of Santam's (JSE:SNT) Respectable 86% Return?
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...Analysis Article • Dec 21
How Much Are Santam Ltd (JSE:SNT) Insiders Spending On Buying Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...Analysis Article • Dec 02
Should Weakness in Santam Ltd's (JSE:SNT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
With its stock down 3.3% over the past week, it is easy to disregard Santam (JSE:SNT). But if you pay close attention...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | R25m | R9m | R4b |
| Sep 30 2025 | n/a | n/a | R4b |
| Jun 30 2025 | n/a | n/a | R4b |
| Mar 31 2025 | n/a | n/a | R4b |
| Dec 31 2024 | R23m | R8m | R4b |
| Jun 30 2024 | n/a | n/a | R3b |
| Mar 31 2024 | n/a | n/a | R3b |
| Dec 31 2023 | R17m | R7m | R3b |
| Jun 30 2023 | n/a | n/a | R3b |
| Mar 31 2023 | n/a | n/a | R2b |
| Dec 31 2022 | R17m | R5m | R2b |
Compensation vs Market: Tava's total compensation ($USD1.49M) is about average for companies of similar size in the ZA market ($USD1.67M).
Compensation vs Earnings: Tava's compensation has been consistent with company performance over the past year.
CEO
Tava Madzinga (47 yo)
3.9yrs
Tenure
R24,574,000
Compensation
Mr. Tavaziva Chadamoyo Madzinga, also known as Tava, serves as Group Managing Director at Britam Holdings Plc since February 01, 2021 and also serves as its Director since February 16, 2021. He has been an...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 3.9yrs | R24.57m | 0.069% ZAR 28.9m | |
| Group CFO | 2.9yrs | R11.34m | 0.048% ZAR 19.8m | |
| Chief Information Officer | less than a year | no data | no data | |
| Head of Investor Relations & Strategy | 3.4yrs | no data | no data | |
| Chief Legal Officer | 5.4yrs | no data | no data | |
| Executive Head of Human Capital | 3.4yrs | no data | no data | |
| Chief Commercial Officer | no data | no data | no data | |
| Chief Executive Officer of Santam Partner Solutions | 1.3yrs | R612.18k | no data | |
| Head of Santam Reinsurance | no data | no data | no data | |
| Head of Market Development & Sustainability | 5.4yrs | no data | no data | |
| Chief Executive Officer of MiWay | 5.4yrs | no data | no data | |
| Chief Executive Officer of Santam Broker Solutions | 5.4yrs | no data | no data |
3.7yrs
Average Tenure
51yo
Average Age
Experienced Management: SNT's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 4.2yrs | R24.57m | 0.069% ZAR 28.9m | |
| Group CFO | 2.9yrs | R11.34m | 0.048% ZAR 19.8m | |
| Independent Non-Executive Chairperson | 5yrs | R1.85m | no data | |
| Independent Non Executive Director | 3yrs | R1.29m | no data | |
| Independent Non-Executive Director | 9.3yrs | R1.77m | no data | |
| Non-Executive Director | 5.8yrs | R677.00k | no data | |
| Lead Independent Non-Executive Director | 6.4yrs | R2.59m | 0.0011% ZAR 455.0k | |
| Independent Non-Executive Director | 8.2yrs | R702.00k | 0.0047% ZAR 1.9m | |
| Non-Independent & Non-Executive Director | 5.6yrs | R860.00k | no data | |
| Non-Executive Director | 3.5yrs | R741.00k | no data | |
| Independent Non-Executive Director | 5yrs | R1.11m | no data | |
| Independent Non-Executive Director | 5yrs | R1.63m | no data |
5.0yrs
Average Tenure
63.5yo
Average Age
Experienced Board: SNT's board of directors are considered experienced (5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/10 11:14 |
| End of Day Share Price | 2026/06/09 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Santam Ltd is covered by 12 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Francois Du Toit | Anchor Stockbrokers Proprietary Limited |
| Adrienne Damant | Avior Capital Markets |
| Robert Rice | Barclays |