Recrafting 'white fossil' Sanlam into a big deal
12 April 2015 - 02:00
Former academic Johan van Zyl is stepping down as Sanlam CEO at the end of 2015, after 13 years in charge of the life insurer. What was a white, parochial life insurance fossil when he joined is slowly becoming an emerging-market financial services powerhouse. Under his management, the company has outperformed the JSE and its peers in the life insurance index, delivering a total return of 1971% since he took over (with dividends reinvested) - more than double the return of the JSE All Share's ...
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