SanlamAllianz: After continental consolidation, the ‘cash machine’ is switched on

Five hundred million rand (around $30m). On the scale of Sanlam, whose half-year operating profit tops R7.3bn, SanlamAllianz’s first-ever dividend is little more than an accounting footnote: the South African group’s share, at 51% of the joint venture, comes to just R255m – around $15.5m, or roughly 3% of its half-year profits. It looks like a modest cheque.

    profit potential
                

    # SanlamAllianz: After continental consolidation, the ‘cash machine’ is switched on

    With the Moroccan merger finalised, SanlamAllianz cements its position as the undisputed giant of African insurance – a dominance that is reshaping the landscape and threatening the continent’s mid-sized players.