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Sanlam Ltd (SLMJ.J)

SLMJ.J on Johannesburg Stock Exchange

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Mon, Jun 20 2016

BRIEF-Sanlam says financial director to retire

* Financial director, Mr Kobus Möller (57), will retire from executive and board with effect from 30 September 2016

BRIEF-Sanlam sees "major impact" on H1 and FY normalised headline earnings and equity value

* Operating conditions remained challenging during first four months of 2016 financial year across most of markets where group operates

UPDATE 1-South Africa's rand backtracks, stocks slip

* Stocks slip as insurer Sanlam's profits disappoint (Add latest prices, analyst quotes)

BRIEF-Sanlam appoints CEO of corporate business unit

* Junior John Ngulube has been appointed to position of chief executive officer of newly established Sanlam corporate business cluster

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