Sanlam completes $66.4 million acquisition of MultiChoice insurance unit
The move, positions Sanlam to leverage MultiChoice’s broad subscriber base and payment systems to expand its financial services offerings across Africa.
Sanlam Group
Backed by Africa’s first Black billionaire Patrice Motsepe, Sanlam to acquire stake in Indian insurer
Sanlam’s interest in SGIC is set to rise from 40 percent to 51 percent, and in SLIC from 42 percent to 54 percent.