Sanlam
Encyclopedia
Sanlam Limited is a financial services group in South Africa with its head office in Bellville
in the Western Cape
. Established in 1918, the Group demutualised in 1998 and Sanlam Limited then listed on the JSE Limited in Johannesburg and the Namibian Stock Exchange
. The Sanlam Group conducts its business through Sanlam Limited, the corporate head office and four business clusters. The corporate head office is responsible for the Group's centralised functions such as strategic direction, financial and risk management, marketing and communications, Group human resources and corporate social investment (CSI).
Hofmeyr, Dormehl and Malan were also founders of Nasionale Pers.
The purpose of the meeting was to discuss the founding of an insurance company that would attract capital through policyholders' premiums.
Suid-Afrikaanse Nasionale Trust en Assuransie Maatskappij (Santam) was registered on 28 March 1918 with Hofmeyr as chairman. However, before Santam was even registered it was decided to convert the life assurance department to a separate company to ensure that long-term profits, payable to policyholders would be separated from short-term profits payable to shareholders.
The Suid-Afrikaanse Nasionale Lewens Assuransie Maatskappij Beperk, Sanlam, was registered on 8 June 1918. Sanlam, the subsidiary, consequently became the spearhead of the operation, while Santam remained focused on short-term insurance.
, Tanzania
, Nigeria
, Botswana
, Kenya
, Ghana
, Zambia
, Uganda
, Malawi
, India
, Australia and The United Kingdom.
In India, Sanlam owns the research house Sanlam Equity Analytics India
Bellville
Bellville may refer to:Canada* Belleville, OntarioSouth Africa* Bellville, Western Cape** Bellville railway stationUnited States* Bellville, Georgia* Bellville, Ohio* Bellville, Texas...
in the Western Cape
Western Cape
The Western Cape is a province in the south west of South Africa. The capital is Cape Town. Prior to 1994, the region that now forms the Western Cape was part of the much larger Cape Province...
. Established in 1918, the Group demutualised in 1998 and Sanlam Limited then listed on the JSE Limited in Johannesburg and the Namibian Stock Exchange
Namibian Stock Exchange
The first Namibian Stock Exchange was founded in Lüderitz, southern Namibia at the start of the 1900s, because the diamond rush brought hundreds of prospectors to the desert whom built towns. After a few years, the exchange closed when the diamond rush ended....
. The Sanlam Group conducts its business through Sanlam Limited, the corporate head office and four business clusters. The corporate head office is responsible for the Group's centralised functions such as strategic direction, financial and risk management, marketing and communications, Group human resources and corporate social investment (CSI).
History
In December 1917 a small group of Afrikaners and a Scot met in the Royal Hotel in Cape Town:- Charlie G. Fichardt: Bloemfontein businessman and MP for Ladybrand (Chairman)
- Willie A. Hofmeyr: Attorney
- Charlie R. Louw: Attorney
- Pieter A. Malan: Attorney
- Fred H. Dormehl: Former insurance man
- Antoon F. Benning: Prospector and master builder
- Alfred McDowell: Scottish banker and insurance accountant
Hofmeyr, Dormehl and Malan were also founders of Nasionale Pers.
The purpose of the meeting was to discuss the founding of an insurance company that would attract capital through policyholders' premiums.
Suid-Afrikaanse Nasionale Trust en Assuransie Maatskappij (Santam) was registered on 28 March 1918 with Hofmeyr as chairman. However, before Santam was even registered it was decided to convert the life assurance department to a separate company to ensure that long-term profits, payable to policyholders would be separated from short-term profits payable to shareholders.
The Suid-Afrikaanse Nasionale Lewens Assuransie Maatskappij Beperk, Sanlam, was registered on 8 June 1918. Sanlam, the subsidiary, consequently became the spearhead of the operation, while Santam remained focused on short-term insurance.
Demutualisation
During the nineties Sanlam's focus gradually shifted from life insurance to providing a broader range of financial products and services and in 1998 Sanlam was demutualised, listing on the JSE Securities Exchange, as well as the Namibian Stock Exchange on 30 November 1998. This changed Sanlam from a mutual entity into a public company with a share capital, namely Sanlam Life Insurance Ltd. At the same time a separate company, Sanlam Ltd, was installed as the parent company of the Sanlam group of businesses. The Group was also restructured into several independent businesses within a federal business structure.Operations
Sanlam operates in International markets, including: NamibiaNamibia
Namibia, officially the Republic of Namibia , is a country in southern Africa whose western border is the Atlantic Ocean. It shares land borders with Angola and Zambia to the north, Botswana to the east and South Africa to the south and east. It gained independence from South Africa on 21 March...
, Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
, Nigeria
Nigeria
Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...
, Botswana
Botswana
Botswana, officially the Republic of Botswana , is a landlocked country located in Southern Africa. The citizens are referred to as "Batswana" . Formerly the British protectorate of Bechuanaland, Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966...
, Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
, Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
, Zambia
Zambia
Zambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west....
, Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
, Malawi
Malawi
The Republic of Malawi is a landlocked country in southeast Africa that was formerly known as Nyasaland. It is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi. Its size...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, Australia and The United Kingdom.
In India, Sanlam owns the research house Sanlam Equity Analytics India
SEAIndia
Sanlam Equity Analytics India Pvt. Ltd. is an equity research house based in Bangalore. It is a wholly owned subsidiary of the Sanlam Group of South Africa.-External links:**...