Santam Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

JSE:SNT Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
02 Oct 25	BuyR317,130	Tavaziva Madzinga	Individual	850	R373.09
13 Jun 25	SellR2,177,144	Matthys Olivier	Individual	5,103	R426.64
13 Jun 25	SellR2,058,111	Tavaziva Madzinga	Individual	4,824	R426.64
13 Jun 25	BuyR2,610,623	Matthys Olivier	Individual	6,136	R425.46
11 Apr 25	BuyR613,886	Tavaziva Madzinga	Individual	1,656	R370.70
06 Mar 25	SellR2,468,750	Matthys Olivier	Individual	6,250	R395.00

Insider Trading Volume

Insider Buying: SNT insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of SNT?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	144,681	0.132%
General Public	24,407,437	22.3%
Institutions	85,045,241	77.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 76.96% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
66.2%	Sanlam Investment Management (Pty) Ltd.	72,526,960	R31.2b	0%	15.39%
4.68%	Ninety One UK Limited	5,129,753	R2.2b	0%	0.15%
1.37%	The Vanguard Group, Inc.	1,501,906	R646.8m	-0.45%	no data
0.73%	Norges Bank Investment Management	803,819	R346.2m	0%	no data
0.56%	Allan Gray Proprietary Ltd.	611,917	R263.5m	0%	0.11%
0.55%	Dimensional Fund Advisors LP	599,392	R258.1m	1.52%	no data
0.53%	BlackRock, Inc.	577,014	R248.5m	0.36%	no data
0.37%	Polaris Capital South Africa	403,019	R173.6m	0%	0.96%
0.3%	Granate Asset Management (Pty) Ltd	324,880	R139.9m	0%	2.69%
0.25%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	276,998	R119.3m	1.8%	no data
0.25%	MandG Investments Southern Africa (Pty) Ltd	272,065	R117.2m	0%	0.18%
0.21%	JP Morgan Asset Management	232,568	R100.2m	0%	no data
0.12%	BNY Asset Management	131,690	R56.7m	-3.06%	no data
0.12%	Capricorn Fund Managers (Pty) Ltd.	130,562	R56.2m	0%	0.67%
0.12%	Aberdeen Group Plc	127,915	R55.1m	0%	no data
0.11%	Abax Investments Proprietary Limited	120,000	R51.7m	0%	0.87%
0.09%	Denker Capital	98,361	R42.4m	0%	0.51%
0.089%	Taquanta Asset Managers (Pty) Ltd.	97,530	R42.0m	0%	0.19%
0.074%	Tavaziva Madzinga	81,294	R35.0m	1.06%	no data
0.052%	Associated Portfolio Solutions (Pty) Ltd	57,379	R24.7m	0%	1.79%
0.052%	Matthys Olivier	57,087	R24.6m	0%	no data
0.044%	Old Mutual Customised Solutions (Pty) Limited	48,745	R21.0m	0%	0.11%
0.042%	Charles Schwab Investment Management, Inc.	46,424	R20.0m	0%	no data
0.042%	Old Mutual Investment Group South Africa (Pty) Limited	46,021	R19.8m	0%	no data
0.04%	STANLIB Asset Management (Pty) Limited	43,983	R18.9m	0%	0.05%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/29 19:05
End of Day Share Price	2025/11/28 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 13 analysts. 5 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
Warwick Bam	Avior Capital Markets
Robert Rice	Barclays