Sanlam to take a breather after acquisition spree

Sanlam CEO Paul Hanratty says the group will be taking a breather from the buying spree it has been on in the past few years to focus on bedding down and integrating its newly acquired businesses.

Africa’s largest nonbank financial services group has been beefing up its presence in SA and the rest of Africa, even as it spread its wings as far afield as Morocco and India, as part of a strategy of giving it a fortress position in its home markets. Arguably its most prominent deal has been the one that will see it combine its local investment management business with Absa’s to create a black-owned asset manager with R1-trillion in assets...

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Years of power cuts and greylisting will further erode SA's investment status - Nedbank CEO | BusinessMike Brown says the government's slow pace in addressing the electricity crisis and shortcomings that landed SA on the grey list will be more detrimental in the long term. | News24_Business _Business And was it not Mike Brown's bank Nedbank who have been implicated in various scandals over r the year of rand manipulation, state capture and other money laundering operations. _Business Many remember Eskom problems and want to change gov't yet they cannot remember their past iniquities _Business Mr Brown is 100% correct. The government destroyed the future of its citizens. The ANC & 🤵🏿‍♂️don't think long term.
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