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United Kingdom

Sanlam Ltd (SLMJ.J)

SLMJ.J on Johannesburg Stock Exchange

8,525.00ZAc
16 Jan 2018
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Latest Key Developments (Source: Significant Developments)

‍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

SA's Competition Tribunal approves African Rainbow Capital-ooba deal with conditions
Friday, 12 Aug 2016 

South Africa's Competition Tribunal: African Rainbow Capital - ooba merger approved with conditions Further company coverage: [SLMJ.J].  Full Article

Sanlam says financial director to retire
Monday, 20 Jun 2016 

Sanlam Ltd : Changes to the executive committee . Financial director, Mr Kobus Möller (57), will retire from executive and board with effect from 30 September 2016 . Möller will remain employed by sanlam until 31 December 2016 .Heinie Werth (53), chief executive officer of sanlam emerging markets will succeed Mr Möller as the Group’s Financial Director.  Full Article

Sanlam sees "major impact" on H1 and FY normalised headline earnings and equity value
Wednesday, 8 Jun 2016 

Sanlam Ltd : Operating conditions remained challenging during first four months of 2016 financial year across most of markets where group operates . Overall net fund inflows of r16 billion for the months months to april 30 were up from r3 billion achieved in comparable 4-month period in 2015 . New business volumes of r74 billion, up 9 pct on first four months of 2015 financial year . Four-Month normalised headline earnings per share down 13 pct compared to first four months of 2015 financial year . Expect that economic and operating environment will remain challenging for remainder of 2016 with a resulting impact on group's key operational performance indicators .Relative movements in these elements may have a major impact on growth in H1 and FY normalised headline earnings and group equity value.  Full Article

UPDATE 1-Steinhoff investor Wiese sells part of Shoprite stake

JOHANNESBURG, Dec 21 South African investor Christo Wiese has sold an additional 1.1 billion rand ($87 million) of shares in supermarket group Shoprite, exchange filings showed on Thursday, after his exposure to scandal-hit retailer Steinhoff dented his fortune.