Santam

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Santam Limited
TypePublic company
JSE: SNT
Industryfinancial services
FoundedMarch 28, 1918 (1918-03-28)
Headquarters
Tyger Valley, Bellville, City of Cape Town
,
South Africa
Key people
Lizé Lambrechts (CEO);
Hennie Nel (CFO);
Grant Gelink (Chairman)
ProductsShort-term insurance
RevenueIncrease R25,909 billion (2016)[1]: 109 
Decrease R1.855 billion (2016)[1]: 109 
Decrease R739 million (2016)[1]: 109 
Total assetsIncrease R29.276 billion (2016)[1]: 108 
Total equityDecrease R7.345 billion (2016)[1]: 108 
OwnersSanlam (61.5% - 2016)
Number of employees
5 749 (2016)
Websitewww.santam.co.za

Santam is a South African financial services group that also has business interests in Malawi, Tanzania, Uganda, Zimbabwe and Zambia.[2] Santam's head office is located in Bellville in the Western Cape, South Africa. The company is listed on the Johannesburg Stock Exchange (JSE) and is South Africa's largest short-term insurer.[3][4][5]

History

The Suid-Afrikaanse Nasionale Trust en Assuransie Maatskappy (South African National Trust and Assurance Company Limited) (Santam) was established on 28 March 1918. One month later the South African Life Assurance Company (Sanlam) was established as a full subsidiary of Santam to focus on life assurance while Santam remained focussed on short-term insurance.[6] Financial group Sanlam has an effective 61.5% interest in Santam as of 31 December 2016.[1]: 23 

Leadership

As of 1 March 2017, Santam's executive management consists of:[1]: 74 

  • Chief Executive Officer: Lizé Lambrechts
  • Chief Financial Officer: Hennie Nel
  • Claims and Group Sourcing: Ebrahim Asmal
  • Brand and Marketing: Mokaedi Dilotsotlhe
  • Santam Commercial and Personal: Edward Gibbens
  • Santam Specialist: Quinten Matthew
  • Risk services: John Melville
  • Human resources: Enid Lizamore
  • Market development – CSI: Temba Mvusi
  • Chief executive officer of MiWay: René Otto
  • Operations and IT: Kevin Wright

Major shareholders

Below are the group's largest shareholders as at 31 December 2017:[1]: 126 

Majority shareholders 31 December 2016 (%)
Sanlam 58.77
Public shareholders 30.85
Government Employees Pension Fund 5.14
Guardian National Insurance Ltd 3.84
Trustees of employees’ share scheme 1.37
Directors 0.03

References

  1. ^ a b c d e f g h "Santam Integrated Report 2016" (PDF). Santam. 31 December 2016.
  2. ^ "Santam, Sanlam satisfy customers most". Fin24. 3 April 2013. Retrieved 5 September 2014.
  3. ^ "Santam Limited JSE Share Price in Fin24". Fin24. Retrieved 5 September 2014.
  4. ^ Mzwandile Jacks (12 August 2014). "Santam Profit Explosion Boosted By Improved Investments". Ventures Africa. Retrieved 5 September 2014.
  5. ^ Sapa (27 August 2014). "Insurers won't pay for quake damages". The New Age Online. Retrieved 5 September 2014.
  6. ^ Phakamisa Ndzamela (28 August 2014). "Healthier Santam keeps eye on weather". Business Day. Retrieved 5 September 2014.

External links


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