Sanlam inks R200m deal for Alexander Forbes client administration unit

Africa's largest insurance group, Sanlam, has agreed to buy Alexander Forbes’s individual client administration business for R200m, and to sell its stand-alone retirement fund administration business to that insurer for R154m.

The two transactions will enhance Sanlam’s competitiveness through increased scale, the insurer said on Monday. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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