JOHANNESBURG, March 6 South Africa's biggest
insurer by market value, Sanlam, said on Thursday it
has a 4 billion rand ($373.68 million) kitty for acquisitions in
Africa and Asia this year, after purchasing businesses worth 2.5
billion rand in 2013.
"We have a good pipeline of transactions in India, Malaysia,
Africa, and we'd also like to strengthen our asset management
operation in the UK. And then one or two opportunities in South
Africa," Chief Executive Johan van Zyl told Reuters.
Last month, Sanlam acquired an indirect stake in Nigeria's
Oasis Insurance after a company it partially owns
purchased 71 percent in the motor and fire insurer.