News
Sanlam inks fourth M&A deal of the year
Sanlam UK has acquired a 55% stake in Cheshire-based IFA firm Avidus Scott Lang (ASL), marking its fourth M&A deal of the year.
The financial terms of the deal were not disclosed. The deal doubles Sanlam’s footprint in the north of England to six offices.
ASL founders Dean Scott and Jimmy Lang will move to Sanlam UK, along with its 12 financial advisers and support staff.
Why now is not the time to change your investment strategy
According to reports, investors have withdrawn 3% of their equity investments so far this year, which is twice the amount withdrawn at the height of the 2008 financial crisis. When negative sentiment is abundant and investment risks are at large, the temptation is to cut and run for the shelter of ‘safer’ assets. But by the time these risks hit the headlines, markets have already adjusted, and to make significant investment changes only serves to lock in losses rather than avoid them.
Read MoreThe quality versus value debate
An impeachment enquiry has formally begun in the US, with President Trump accused of seeking foreign help to smear the reputation of Democratic candidate Joe Biden. The controversy revolves around a phone call whereby Trump is heard trying to convince Ukrainian president Volodymyr Zelensky to investigate claims of corruption involving Joe Biden’s son.
Read MoreOvercoming a slowing global economy
With the threat of a global recession hanging over equity markets, and many bond yields in negative territory, we find ourselves faced with something of a conundrum. While we want to shelter portfolios from potential volatility, safer assets are offering very low returns and are at risk should inflation begin to rise.
Read MoreSouth Africa’s Sanlam Takes Over Soras Insurance Company
Sanlam has officially taken over 100% of Rwanda’s insurance company (Soras) making Rwanda the 40th country in its global expansion drive.
The full merge was announced this Wednesday in Kigali by both officials of Soras and Sanlam following Sanlam’s entry into Rwanda in 2014,
Sanlam Group now a ‘one-stop shop’ in Mauritius
Sanlam has expanded its offering in the Mauritian market to become the country’s go-to financial services group.
The Sanlam Group – which has the largest non-banking financial services footprint in Africa – is continuing to build its presence in Mauritius as well as further afield on the continent.
Read MoreSanlam buys out Saham
Sanlam, SAHAM’s partner since February 2016, will increase its stake in the capital of SAHAM Group’s insurance subsidiary, from 46.6% to 100%, according to the terms of an agreement reached on March 7th, 2018.
Read more on www.businesswire.com
Read MoreAfrican Growth Strategy
International Adviser has been following the launch of Sanlam Private Wealth Mauritius.
A recent interview carried out by International Adviser with Shane Tremeer (managing director Sanlam Private Wealth Africa) outlines the “aggressive growth strategy” that Sanlam Private Wealth Mauritius are adopting. Read more on International Adviser.
Read MoreAll systems go for major Sanlam Emerging Markets deal
Conditions met for acquisition of Morocco-based SAHAM Finances, turning Sanlam into leading pan-African financial services group.
Sanlam’s conclusion of its biggest acquisition to date transforms the Group into a leading financial services player in Africa, opening the way for a major growth drive on the continent
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