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Santam Ltd (SNTJ.J)

SNTJ.J on Johannesburg Stock Exchange

25,306.00ZAc
24 Mar 2017
Change (% chg)

-94.00 (-0.37%)
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25,400.00
Open
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25,875.00
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25,306.00
Volume
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Latest Key Developments (Source: Significant Developments)

Santam says Tantaswa Nyoka and Monwabisi Fandeso has resigned from board
Friday, 3 Mar 2017 08:00am EST 

Santam Ltd :Tantaswa Nyoka (nee fubu) and Monwabisi Fandeso resigned from board with effect from 2 march 2017..  Full Article

Santam full-year HEPS falls 41 pct
Thursday, 2 Mar 2017 12:30am EST 

Santam Ltd : Audited summary consolidated financial statements for the year ended Dec. 31, 2016 . FY headline earnings per share decreased by 41 pct . FY capital coverage ratio 155 pct . FY gross written premium growth including cell captive insurance 7 pct to 25.909 bln rand and excluding cell captive insurance up 6 pct . FY diluted headline earnings per share 1,075 cents versus 1,822 cents year ago .Final dividend of 570 cents per share, up 8 pct.  Full Article

Santam raises stake in Shriram General Insurance by 23 pct
Wednesday, 7 Dec 2016 05:30am EST 

Santam Ltd : Increased participation interest in Shriram General Insurance in India . SEM has increased its stake in Shriram General Insurance Company Limited ("SGI") by 23 pct . Transaction increases Santam's participation interest in SGI from 7.0 pct to 15.1 pct . Purchase consideration was funded from cash resources and transaction became effective on Dec. 5 2016 .Increased investment in SGI through subscription for a further share of a separate class in SEM for a consideration of 251.35 mln rand.  Full Article

Santam Ltd H1 HEPS down 29 pct
Wednesday, 31 Aug 2016 08:31am EDT 

Santam Ltd : Reviewed condensed consolidated interim financial statements for the six months ended June 30 2016 . H1 gross written premium growth both including and excluding cell captive insurance 8 pct . Says H1 headline earnings per share decreased by 29 pct . Says interim dividend of 311 cents per share, up 8 pct . Special dividend of 800 cents per share . Says 25 pct rand depreciation during 2015 is expected to negatively impact claims cost . Solvency ratio of 51 pct at June 30 2016 exceeded group's target solvency range of 35-45 pct of net written premiums . Says increased exposure to non-rand-denominated business further increases foreign exchange volatility .Will target an economic capital coverage range of 130-170 pct going forward.  Full Article

Santam buys insurance support services firm RMB-SI Investments
Tuesday, 23 Aug 2016 02:30am EDT 

Santam Ltd : Santam acquires 100 pct of RMB-SI Investments Proprietary Limited . Santam and shareholders of RMB-SI have reached agreement in terms of which Santam will acquire 100 pct of issued share capital of RMB-SI .Santam believes that this acquisition would be a good strategic fit and that Santam is well positioned to provide a platform for future growth for RMB-SI business.  Full Article

BRIEF-Santam buys insurance support services firm RMB-SI Investments
Tuesday, 23 Aug 2016 02:30am EDT 

Santam Ltd : Santam acquires 100 pct of RMB-SI Investments Proprietary Limited . Santam and shareholders of RMB-SI have reached agreement in terms of which Santam will acquire 100 pct of issued share capital of RMB-SI .Santam believes that this acquisition would be a good strategic fit and that Santam is well positioned to provide a platform for future growth for RMB-SI business.  Full Article

Santam sees H1 HEPS between 612-656 cents/share vs 885 cents/shr yr ago
Tuesday, 16 Aug 2016 08:05am EDT 

Santam Ltd : H1 HEPS is expected to be between 612-656 CPS (2015: 887 CPS) . Says H1 EPS is expected to be between 600-644 cents per share (CPS) (2015: 870 CPS) . Says foreign currency exchange losses had a negative impact on investment returns following relative strengthening of rand . H1 net underwriting margin is however still expected to be within long term target range of 4-8 pct .Underwriting results were negatively influenced by few large corporate property claims and decline in crop business profits from high levels of 2015.  Full Article

S.Africa's Competition Tribunal approves deals by Santam Ltd, Nestle
Wednesday, 20 Jul 2016 11:50am EDT 

S.Africa's Competition Tribunal : Approves Santam Limited and ABSA Insurance Company Limited intermediate commercial line business deal . Approves Nestle S.A. (Nestle) and R and R Ice Cream Public Limited Company deal . Approves KKR DVB Aviation Capital Ltd and Aercap Holdings N.V. deal in respect of a portfolio of 37 aircraft Further company coverage: [SNTJ.J] [NESN.S].  Full Article

Santam Ltd announces sale of interest in CGIC
Thursday, 6 Aug 2015 02:00am EDT 

Santam Ltd and Mutual & Federal Insurance Company Ltd:Have reached agreement in terms of which Santam will sell its current 33.6 pct equity interest in Credit Guarantee Insurance Corp of Africa Ltd for an amount of circa 600 mln Rand to M&F.Transaction is still subject to regulatory approval.  Full Article

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BRIEF-Santam full-year HEPS falls 41 pct

* Audited summary consolidated financial statements for the year ended Dec. 31, 2016