MultiChoice Group will rake in R1.2-billion in cash after the planned sale of its insurance business was approved.
Browsing: Sanlam
Sentiment about South Africa has improved since the formation of a coalition government.
Sanlam will buy a 60% stake in MultiChoice South Africa’s insurance business for an upfront cash amount of R1.2-billion.
On a risk-adjusted basis, there are more compelling stocks to buy in the relatively cheap South African market.
Newcomers to the banking industry are encroaching on markets controlled by the traditional “big four” banks. And they are just getting started.
When he first entered the IT industry, Sanlam Indie CIO Giulio di Giannatale believed an MCSE certification would bring him untold riches and allow him to travel the world.
Discovery will give adult members of its Vitality behaviour change platform 2 500 points for being fully vaccinated against Covid-19 this year.
MTN Group and Sanlam are joining forces to offer insurance products to the telecommunications operator’s hefty subscriber base on the continent, where relatively few have cover.
ICT industry veteran Oliver Fortuin will take over from Byron Clatterbuck as CEO of Seacom with effect from January 2021.
South African fibre broadband provider MetroFibre Networx has raised R1.5-billion in a new funding round led by infrastructure-focused private equity fund manager African Infrastructure Investment Managers.