Sanlam

HY Results – Sanlam interim results were boosted by improvements in equity markets and a weakening of the rand in the first half. Net results from financial services +26% to R6.2bn (Santam +83%). New business volumes grew +19% to R191bn (General insurance +10%, Investment management +28%). HEPS were up +118% to 339c. Sanlam will focus on consolidating acquisitions (Afrocentric), JV’s (Allianz), and expanding growth in H2.
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