Sanlam interim results

Sanlam reported a 10% increase in headline profit at the interim stage, as new business volumes increased by 40% to R157 billion in the past six months. Sales of funeral policies to Capitec clients as part of a relatively new partnership grew by 9% over the past six months. An incredibly resilient performance in probably the most stressful time for the businesses 100 year history. Michael Avery sat down with new CEO Paul Hanratty who took over from Ian Kirk in July, and in August reviewed the groups strategy, which will see Sanlam accelerate growth outside of South Africa and split the Personal Finance business unit into two units – South Africa Retail Mass and South Africa Retail Affluent, to talk about the new strategy.