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.
South Africa can jump start its economy if it does the following: 1-Remove the race based BBBEE laws! 2-Remove all labour law red tape! 3-Reduce Corporate Income Tax to 22%! (This will be lowered to 27% next year tho) .... TalkingAfrica
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