While sub-prime losses and collapses force write offs at the major banks of the world, Sanlam is managing to keep its head well above the water, all due to its diversification. Johan van Zyl, Group CEO of Sanlam, recently addressed a UCT Graduate School of Business on the topic “Diversification and Convergence in the Financial [...]

Sanlam’s chief executive, Johan van Zyl, said he was upset with the absolute figures he presented yesterday at the June interims. Fortunately, he is very pleased with the underlying business and its basic structure. Sanlam Investment Management had misinterpret the markets and brought down the whole group’s results, and those of its short-term insurer Santam [...]