The original article can be found here.
Article Highlights:
- SA’s largest insurer, Sanlam, advised that all pre-conditions necessary for its joint venture with German giant Allianz have been met.
- Sanlam first announced the tie-up in May 2022, creating a vehicle to provide insurance and financial services in 27 African markets.
- Sanlam holds 60% of the new joint venture, with Allianz owning 40% – with the ability to increase its shareholding to a maximum of 49% over time.
