Skip to main content

Sanlam group operating earnings up by 44%

By: Fred Yaw Sarpong (Daily Express)

Interim financial results released in September, this year by the management of Sanlam Group shows that the group achieved operating earnings growth of 44% (43% on a per share basis) during the six months ended 30 June 2014.

The group recorded increasing overall customer base (organic growth) of 40% augmented by an earnings contribution of R130 million from its recent acquisitions, up from R33 million in 2013.

"Commitment to executing on our strategy over the years, coupled with a focus on specific priorities identified for 2014, supported our sustained growth during the first six months of the year," said Dr. Johan van Zyl, Sanlam Group Chief Executive.

The company recorded 7% to R89 million growths in new business volumes and 18% annualized return on group equity value per share.

Among the key findings, the group normalized headline earnings per share up 27%, net value of new covered business up 7% to R626 million, net new covered business margin of 2,68%, and net fund inflows of R22 billion.

The group equity value per share was R42,77, discretionary capital of R3,3 billion at 30 June 2014. Meanwhile, Sanlam Life Insurance Limited CAR cover performance was however better than previous year.

Since its establishment in 1918, Sanlam has been a prominent part of the South African business landscape. The group has always held a long-term view of how business adapts to the demands of the environment in which it operates.

Today, in a dynamic world, Sanlam see an evolving set of social, economic, political and environmental imperatives that require their skilful response. “For us at Sanlam, sustainable business practice means recognizing both our broader responsibilities as an organization in society, and the new opportunities that arise from this thinking,” said the company.

Sanlam’s vision is to be the leader in wealth creation and protection in South Africa, leading that process in emerging markets and playing a niche role in developed markets.

The Group’s core values are acting with integrity; growing shareholder value through innovation and superior performance; leading with courage; serving with pride; and caring because there is respect for one another.

Founded in 1918, Sanlam has a rich heritage. The Group has over the years evolved from a traditional insurer to a diversified financial service provider with both local and international footprints.

The Group has consistently grown its local as well as an international footprint – it now has a presence in more than 10 African countries, India, Malaysia, Philippines, the UK /Ireland, the US, Switzerland and Australia.


Popular posts from this blog

Deputy AG sues Facebooker over 'malicious' Ameri deal

The Deputy Attorney-General and Member of Parliament for Bolgatanga East, Mr Dominic Ayine has filed a defamation suit at an Accra High Court against a Facebook commentator, Evron Hughes.
In Mr Ayine’s statement of claim, sighted by Graphic Online, he accused Mr Hughes of defaming him in a post he authored and published on Facebook on December 21, 2015, titled “RE: AMERI TRANSACTION”.
According to the Deputy A-G, the “false and malicious” post has provoked “public disaffection” against him and exposed him to public ridicule and contempt.
Describing Mr Hughes as a “self-styled social media blogger and a social commentator”, Mr Ayine said the Facebook post had brought his hard-won reputation “as a respected politician, teacher and lawyer” into “hatred, ridicule, odium, discredit, contempt, opprobrium and reproach”.
The Deputy A-G said the “defamatory words” were authored with the sole intent to reduce him in the estimation of all right thinking Ghanaians, adding that he had received numerou…

Meet Ghanaian female shoemaker

The Saint Ozwald shoe brand

By: Fred Yaw SARPONG
The Daily Express

From her humble beginning in Sunyani in the Brong Ahafo region, a senior high female graduate from the Twene Amanfo Senior high in the Brong Ahafo Sunyani and a Ghanaian now boasts of being one of the most popular Made-in-Ghana shoe brands and has the most number of celebrity endorsements.
Sandra Ozwald, CEO of Saint Ozwald

After Sandrah Ozwald completed school in 2013, her parent couldn't have enough money to help her continue school so she planned to do something for herself by selling ice cream, groundnut cakes or food. Back at the senior high, Sandra used to make groundnut cakes, condensed toffees and ice cream to support herself since her mother couldn't provide all for her.

With 12 siblings and the only girl child (2nd born) among them, and whiles planning which of these to sell, Sandra attended a friend’s wedding and the grooms shoe looked so attractive to her.

According to her, the groom’s shoes were Ma…