JSE-listed financial services group Sanlam together with Allianz, a German multinational financial company, are partnering to create the largest non-banking financial services entity in Africa. The companies say the entity will generate a combined total group equity value of over R33 billion. According to a Sens statement, the companies will invest in the joint venture for at least 10 years.
In turn this is forecasted to generate economies of scale, broader geographic presence, larger combined market share, and a more diversified product offering. According to Sanlam group CEO Paul Hanratty, the partnership is in line with Sanlam’s ambition to be a leading Pan-African financial services group. Hanratty says the JV “will also strengthen our leadership position in multiple key markets that are core to our Africa strategy, building quality and scale where it matters.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ticketmaster officially launches in South Africa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A global leader in live event ticketing for, among others, stadium concerts and sporting matches, Ticketmaster, has officially launched in South Africa. But how will they make money if they enforce a vaccine requirement? Do they not know that less then 30% of SA has gotten at least one jab? Not a lot of customers wanting to get the vax Im willing to be an errand boy, a gardener or any form of odd job just to feed my children🙏🏾. They've been going to sleep on an empty stomach and that cripples me as a father. I humbly ask for any tinned food or grocer you don't need🙏 Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R500,000 in 3 weeks thanks Williamchurch07
Source: SABCNews - 🏆 37. / 51 Read more »
Study shows decline in farming interest in South Africa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A study by the Bureau for Food and Agricultural Policy has revealed a decline in farming interest in South Africa. I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas5 on Twitter She guides me through and i made a return of R155,000 after a week of trading, connect with her Safety in the ANC Banana Republic of South Africa could be a reason.. This is a result of keeping elders and grandparents in the offices as extension officers. They cant use technology or research new practices for farmers. Department of Agri must hire new young Agri graduates who are active and viable to assist farmers. We need jobs to help them
Source: SABCNews - 🏆 37. / 51 Read more »