Sanlam earnings buoyant despite tough market

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

South Africa Headlines News

Sanlam delivers buoyant operational earnings growth despite weak economy.

04 December 2019 - 19:36Sanlam said on Wednesday its new business volumes were growing ahead of inflation despite the tough market conditions which it expects to persist for the foreseeable future.

“We are satisfied about this performance in the challenging conditions. It is pleasing that we continue to deliver good relative performance across our businesses. This is testimony to the quality of our business and our people, their ability to execute and deliver value for all our stakeholders,” said Sanlam CEO Ian Kirk.

Despite the generally upbeat operational performance, the tough economic environment was most evident in its recurring premium businesses which are primarily focused on the middle-income market. Declining consumer disposable income meant that new business volumes rose marginally over 2018.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Car industry experts share 4 tips on how to panel beat your business into shapeSPONSORED | sanlam Family members Pam, Dougie and Dustin George, co-owners of D&P Auto Works, share 4 tips on running a successful business.
Source: BDliveSA - 🏆 12. / 63 Read more »

LETTER: Kudos to SAA crewsDespite the cloud hanging over the airline, the in-flight service has been impressive
Source: BDliveSA - 🏆 12. / 63 Read more »

Liberty Two Degrees holds its own in tough economyTrading density growth of 3% achieved in year to end September at fund's premium malls
Source: BDliveSA - 🏆 12. / 63 Read more »

Asian shares slip after US tariffs revive worry about trade warStocks drop as Trump's tariffs on goods from Brazil and Argentina stun markets
Source: BDliveSA - 🏆 12. / 63 Read more »

Market data — December 4 2019Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »

Adrian Gore moves to calm fears over Discovery sharesCEO addresses market concerns over form of hedging to secure floor price And calm us about this too please!
Source: BDliveSA - 🏆 12. / 63 Read more »