The original article can be found here.
Article highlights:
- Sanlam and the German financial giant Allianz will merge their African operations outside of South Africa to create a new, R33-billion company.
- Sanlam will hold 60% of the new joint venture, with Allianz owning 40%
- Allianz has 2 million insurance clients across Africa, and a strong presence in Egypt, Kenya, Cameroon and Uganda.
