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Sanlam Investments recently launched a new range of funds designed to help investors manage the risk of investing in equities. The funds are particularly appropriate for pensioners who cannot afford stock market ups and downs. The Sanlam P2strategies Funds have been successfully offered internationally and are expected to have strong up take in South Africa too.
Santam, South Africa’s largest short-term insurer, today announced that it is to acquire Brolink which provides information technology and business process outsourcing services to the short-term insurance industry.
Just over 1.19 million principal members entrusted their families’ healthcare funding needs to the Scheme during the 2013 financial year. That translates to more than 2.5million lives covered by the largest open medical scheme in South Africa. The distinction of covering 52% of the open medical schemes market in South Africa is coupled with a responsibility to ensure the Scheme’s long-term claims paying ability and financial sustainability.
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