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Sanlam Ltd (SLMJ.J)

SLMJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sanlam Appoints Sydney Mbhele As Chief Executive Of Brand From Apr 01
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Sanlam Ltd ::SANLAM LTD - APPOINTED SYDNEY MBHELE AS CHIEF EXECUTIVE: BRAND, WITH EFFECT FROM 01 APRIL 2019.  Full Article

BRIEF-Sanlam Normalised Headline Earnings Fall 10 Pct For 10-months Ended Oct.
Wednesday, 5 Dec 2018 

Corrects month in headline to October from June:OPERATIONAL UPDATE – DECEMBER 2018.MADE SIGNIFICANT STRATEGIC PROGRESS IN FOUR MONTHS SINCE END OF JUNE UP TO END OF OCTOBER 2018.EXPECT THAT ECONOMIC AND OPERATING ENVIRONMENT WILL REMAIN SUBDUED IN OUR LARGEST MARKETS FOR REMAINDER OF 2018.FOR 10 MONTHS TO 31 OCTOBER NEW BUSINESS VOLUMES OF R188 BILLION, UP 3% ON FIRST 10 MONTHS OF 2017 FINANCIAL YEAR.INVESTMENT MARKET AND CURRENCY VOLATILITY ARE ALSO EXPECTED TO PERSIST FOR REMAINDER OF 2018.FOR 10 MONTHS TO 31 OCTOBER NET RESULT FROM FINANCIAL SERVICES INCREASED BY 2% ON FIRST 10 MONTHS OF 2017 FINANCIAL YEAR.DO NOT FORESEE ANY SIGNIFICANT IMPROVEMENT IN OPERATIONAL TRENDS EXPERIENCED IN FIRST 10 MONTHS OF 2018.FOR 10 MONTHS TO 31 OCTOBER NORMALISED HEADLINE EARNINGS DECLINED BY 10%, ATTRIBUTABLE TO A 55% DECLINE IN NET INVESTMENT RETURN.  Full Article

Santam Says All Conditions Relating To Saham Finances Deal Fulfilled
Thursday, 11 Oct 2018 

Oct 11 (Reuters) - Santam Ltd ::UPDATE IN RELATION TO ACQUISITION OF A FURTHER INTEREST IN SAHAM FINANCES.ALL OF CONDITIONS PRECEDENT RELATING TO SAHAM FINANCES TRANSACTION NOW FULFILLED.  Full Article

Sanlam Says Raised 5.7 Bln Rand Via Placing
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Sanlam Ltd ::‍TOTAL OF 65.5 MILLION NEW ORDINARY SHARES IN COMPANY HAVE BEEN PLACED BY J.P. MORGAN SECURITIES PLC AND DEUTSCHE BANK AG​.‍PLACING AT A PRICE OF ZAR87.00 PER SHARE, RAISING GROSS PROCEEDS OF APPROXIMATELY ZAR5 700 MILLION​.‍PLACING SHARES BEING ISSUED REPRESENT APPROXIMATELY 3.0% OF COMPANY'S ISSUED ORDINARY SHARE CAPITAL​.  Full Article

Books Covered On Sanlam Up To ZAR 5.7 Bln Primary Placing - Bookrunner ‍​
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Bookrunner::BOOKRUNNER SAYS BOOKS ARE COVERED ON SANLAM UP TO C.ZAR5.7BN PRIMARY PLACING‍​.  Full Article

Sanlam Posts FY Diluted HEPS Of ‍481.3​ Cents Versus. 488.1 Cents
Thursday, 8 Mar 2018 

March 8 (Reuters) - Sanlam Ltd ::FY DILUTED HEADLINE EARNINGS PER SHARE ‍481,3​ CENTS VERSUS. 488.1 CENTS AS REPORTED YEAR AGO.FY ‍NORMAL DIVIDEND PER SHARE OF 290 CENTS, UP 8,2%​.FY ‍NET VALUE OF NEW COVERED BUSINESS UP 15% TO R1.8 BILLION​.‍FY NET NEW COVERED BUSINESS MARGIN OF 2,94% (2,69% IN 2016)​.FY ‍NEW BUSINESS VOLUMES DECLINED BY 1% TO R230 BILLION​.‍FY NET FUND INFLOWS OF R35 BILLION COMPARED TO R41 BILLION IN 2016​.FY ‍RETURN ON GROUP EQUITY VALUE PER SHARE OF 14,8%​.  Full Article

‍Sanlam Updates On Exposure To Steinhoff International Holdings ​
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Sanlam Ltd ::‍SANLAM EXPOSURE TO STEINHOFF INTERNATIONAL HOLDINGS NV​.SANLAM - ‍HAS EXPOSURE TO STEINHOFF INSTRUMENTS IN ON-BALANCE SHEET POLICYHOLDER ,SHAREHOLDER PORTFOLIOS, INVESTMENT PORTFOLIOS MANAGED ON BEHALF OF THIRD PARTY CLIENTS​.- ‍GROUP'S EXPOSURE TO STEINHOFF INSTRUMENTS ORIGINATED FROM NORMAL COURSE OF BUSINESS TRANSACTIONS, WITH MANY OF POSITIONS IN PLACE FOR A NUMBER OF YEARS​.‍EQUITY EXPOSURES WERE IN GENERAL IN LINE WITH OR SLIGHTLY ABOVE STEINHOFF'S BENCHMARK INDEX WEIGHTING ON 1 DECEMBER 2017​.‍DIRECT DEBT EXPOSURES WERE ALSO IN LINE WITH GROUP'S RISK MANAGEMENT FRAMEWORK​.‍BEST ESTIMATE POTENTIAL IMPACT ON GROUP'S 2017 AND FUTURE EARNINGS IS NOT SIGNIFICANT​.‍POTENTIAL IMPACT ON SANLAM CLIENTS' INVESTMENT RETURNS WILL VARY DEPENDING ON EACH INDIVIDUAL PORTFOLIO'S EXPOSURE TO DIFFERENT ASSET CLASSES​.- ‍POTENTIAL IMPACT ON SANLAM CLIENTS' INVESTMENT RETURNS WILL VARY DEPENDING ON EACH INDIVIDUAL PORTFOLIO'S EXPOSURE TO DIFFERENT ASSET CLASSE​.SANLAM - POTENTIAL FINANCIAL EFFECTS ON NET ASSET VALUE , EARNINGS WILL ONLY HAVE A MARGINAL EFFECT ON SOLVENCY RATIO WITHOUT IMPACTING DIVIDEND PAYMENT CAPABILITY​.  Full Article

Sanlam Ltd Says For First 10 Months Of 2017, Normalised Headline Earnings Up 22%
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Sanlam Ltd ::FOR FIRST 10 MONTHS OF 2017 FINANCIAL YEAR, NORMALISED HEADLINE EARNINGS UP 22%.EXPECT THAT ECONOMIC AND OPERATING ENVIRONMENT WILL REMAIN CHALLENGING FOR REMAINDER OF 2017.FOR FIRST 10 MONTHS OF 2017 FINANCIAL YEAR, DILUTED HEADLINE EARNINGS PER SHARE INCREASED BY 2%.  Full Article

Sanlam says ‍HY new business volumes down 4 pct
Thursday, 7 Sep 2017 

Sept 7 (Reuters) - Sanlam Ltd ::‍HY GROUP EQUITY VALUE PER SHARE OF R54.69​.‍HY RETURN ON GROUP EQUITY VALUE PER SHARE OF 6.1% FOR SIX-MONTH PERIOD​.HY ‍NET FUND INFLOWS OF R19 BILLION COMPARED TO R22 BILLION IN 2016​.‍HY NEW BUSINESS VOLUMES DECLINED BY 4% TO R110 BILLION (DOWN 2% IN CONSTANT CURRENCY)​.HY ‍NET VALUE OF NEW COVERED BUSINESS UP 11% TO R782 MILLION (UP 17% IN CONSTANT CURRENCY)​.‍SANLAM GROUP SAM COVER RATIO OF 2.1 TIMES; SANLAM LIFE INSURANCE LIMITED SAM COVER RATIO OF 3 TIMES​.HY DILUTED HEADLINE EARNINGS PER SHARE AT 225,3 CENTS VERSUS 277,2 CENTS YEAR AGO.‍DISPOSAL OF GROUP'S STAKES IN ENTERPRISE GROUP IN GHANA WILL ALSO IMPACT ON FULL-YEAR GROWTH FOR 2017 AND 2018​.‍PROSPECTS FOR SOUTH AFRICA WILL REMAIN MUTED FOR REMAINDER OF 2017 AND 2018​.  Full Article

Purple Group announces proposed sale of shares in First World Trader Proprietary Ltd
Monday, 14 Aug 2017 

Aug 14 (Reuters) - PURPLE GROUP LTD ::PROPOSED SALE OF SHARES IN FIRST WORLD TRADER PROPRIETARY LIMITED BY PURPLE.ENTERED INTO AGREEMENTS WITH SANLAM INVESTMENT HOLDINGS PROPRIETARY LIMITED (SIH), A WHOLLY-OWNED SUBSIDIARY OF SANLAM LIMITED.SALE AGREEMENT IN TERMS OF WHICH SIH WILL ACQUIRE 450,000 ORDINARY SHARES, CONSTITUTING 30 PERCENT OF ALL SHARES, OF FIRST WORLD TRADER PROPRIETARY FROM PURPLE GROUP.SIH WILL ACQUIRE A 30 PERCENT SHAREHOLDING IN EASYEQUITIES FOR A CONSIDERATION OF R100 MILLION.PURCHASE CONSIDERATION WILL BE SETTLED IN CASH AND BE UTILISED BY PGL AND ITS OTHER SUBSIDIARIES TO SETTLE INTER-GROUP LOANS, CURRENTLY OWING TO FIRST WORLD TRADER PROPRIETARY.  Full Article

UPDATE 2-S.Africa's Sanlam hit by global markets rout, weak growth at home

JOHANNESBURG, March 7 Sanlam, South Africa's biggest insurer, reported a 10 percent fall in 2018 earnings on Thursday as volatile global markets that have hurt firms from Prudential Financial to BlackRock hit its investment portfolio.