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The Sanlam Group has reported a satisfactory performance for the first four months of the 2017 financial year, citing good growth in the value of new life business written as well as reasonable growth in net result from financial services.
With only a few months to go before the Protection of Personal Information Act (POPIA) comes into full force, D-day is fast approaching and companies have a limited amount of time left in order to comply with the requirements.
Sanlam and Santam confirm that all conditions precedent have been met, including all the necessary regulatory approvals, to increase their effective stake in Morocco-based SAHAM Finances S.A. (SAHAM Finances) by a further 16.6% to 46.6% for USD329 million plus transaction costs. The effective date of the transaction is 10 May 2017.
The Sanlam Group has announced the following key executive changes:
The strongest deterrent against FSP compliance missteps is or should be: