Volatility in SA investment markets and rand value worries Sanlam

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Financial services group says life insurance business in retail mass segment is under pressure

Financial services group Sanlam says volatility in SA investments market and the weakening rand presents challenges to its business.The group on Thursday, in an operational update for the quarter ended March, said its life insurance business in the retail mass segment was under pressure and consumers had to contend with the weak economic environment.“Group net client cash inflows declined to R7.

The biggest deal in which it has been involved in recent times was the tie-up of its local investment management business with Absa’s to create a black-owned asset manager with R1-trillion in assets.It has also done a slew of deals with retirement fund administrator Alexforbes, acquired a controlling stake in AfroCentric to move into the health insurance market, and bought out the remaining shares in BrightRock insurance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sanlam at forefront of sustainability with blended finance fundsSPONSORED | Often, ESG becomes more boxing-ticking than tactical, which is when we lose sight of the bigger picture in creating a sustainable world, writes sanlam's Andrew Johnstone.
Source: BDliveSA - 🏆 12. / 63 Read more »

Financial and policy uncertainty hamper SA steel industry as it gears up for decarbonisationOPINION | The South African steel industry is taking steps to fast-track decarbonisation. However, addressing these problems will require a comprehensive and coordinated approach involving government policies, industry investments, and collaboration.
Source: mailandguardian - 🏆 2. / 92 Read more »