News Coronavirus watch31 Mar 2020

South Africa:Sanlam well-capitalised with pandemic reserve of $42m

| 31 Mar 2020


Africa's largest insurer Sanlam and its subsidiary Santam have issued shareholder notices on the impact of the COVID-19 outbreak on their operations. The pandemic will negatively impact the growth prospects of the group, but both businesses said that they are well-capitalised to ride out the storm.

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