South African financial services group Sanlam, acting through its subsidiary Sanlam Life, has made a cash offer to buy out all ordinary shares of Santam that it does not already own, turning its majority ownership of the company to full ownership, according to a joint stock exchange statement issued by Sanlam and Santam.
Parents consistently rank education among their highest priorities, second only to housing. Even when finances are under pressure, many are willing to sacrifice lifestyle spending rather than compromise their children's education, according to Ms Lytania Johnson, CEO of First National Bank (FNB), the oldest bank in South Africa.
Momentum Group, one of South Africa's largest insurance-based financial services groups, has announced record results for the year ended 30 June 2026 (FY2026), with normalised headline earnings (NHE) increasing by 13% to ZAR7.06bn ($432m) and operating profit rising by 9% to ZAR5.97bn.
The National Financial Ombud Scheme (NFO) is urging insurers to obtain proof of the life assured's informed consent before issuing funeral policies, in a bid to curb 'murder for insurance' cases.
The Santam Group (Group), South Africa's largest general insurer, has appointed experienced industry leader Mr Curt Meyer as Executive Head of Pan-Africa and International, in its specialist business unit.
The savings and investment regulatory landscape in South Africa shows increasing fragmentation, according to the the Association for Savings and Investment South Africa (ASISA).
Sanlam, the largest insurance and financial services group in South Africa, has reported strong underlying new business growth and net client cash flows for the first six months of 2026, reflecting growth across all its African and Indian markets.
Solar-related structural fires now account for a quarter of structural fires, revealing a growing risk linked to home solar installations, according to Fire Force, a fire response partnership between Discovery Insure and private firefighting and rescue service, Fire Ops SA.
Santam, South Africa's largest general insurer, has recorded a solid performance for the half year ended 30 June 2026, with growth of 10% (June 2025: 10%) in Gross Written Premium (GWP), an 8.1% (June 2025: 11.3%) Underwriting Margin (UWM) and a 6% (June 2025: 16%) rise in Net Earned Premium (NEP).
Having previously served as General Manager for Kenya, bolttech has promoted Ms Bente Krogmann to the role of General Manager, Africa, an expanded regional role leading the InsurTech's business across the region, including Kenya and South Africa.