Sanlam says it has R3bn in discretionary capital that is earmarked for growth opportunities mainly in Africa and South-East Asia.
By Phakamisa Ndzamela 6 Jun 2014 11:02
Sanlam said its associate company FBN Life Assurance had acquired 71.2% of Nigeria-listed short-term insurer Oasis Insurance for an undisclosed sum.
19 Feb 2014 13:25
It is surprising to see how limited Old Mutual's exposure to most of the large markets in Africa has been. For its first 160 years it focused on a few of the outposts of the British empire in East and southern Africa, with little claim to be a pan-African insurer.
19 Aug 2013 11:03
Old Mutual has bought a third company, Faulu Kenya, as it expands its footprint on the African continent, the company said on Wednesday (3 July).
4 Jul 2013 10:36
Banking systems across sub-Saharan Africa (SSA) have grown and strengthened significantly over the past decade and favourable macroeconomic‚ regulatory and financial trends indicate that further improvements lie ahead‚ Moody's Investors Service says in a new special comment published on Wednesday (19 June).
20 Jun 2013 09:28
Global legal practice Norton Rose has advised South African insurers expanding into other African countries to look beyond the sector-specific regulatory requirements in the jurisdictions they are entering as failure to do so could undermine their investments.
By Phakamisa Ndzamela 20 Mar 2013 09:25
ABIDJAN COTE D'IVOIRE: A French tanker has been hijacked by pirates off Ivory Coast, port authority officials in the economic capital Abidjan confirmed on Monday (4 February).
5 Feb 2013 07:04