News: Sanlam Ltd (SLMJ.J)

SLMJ.J on Johannesburg Stock Exchange

5,500.31ZAc
23 Apr 2014
Price Change (% chg)

11.00c (+0.20%)
Prev Close
5,521.00c
Open
5,540.00c
Day's High
5,540.00c
Day's Low
5,487.00c
Volume
6,903,518
Avg. Vol
4,383,386
52-wk High
5,935.00c
52-wk Low
4,051.00c

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South Africa's Sanlam to buy 51 percent in Malaysian insurer for $119 million

JOHANNESBURG - South Africa's biggest insurer, Sanlam , said on Wednesday it would buy a majority stake in Malaysia's MCIS Zurich Insurance Berhad for about $119 million, further expanding its presence in the southeast Asian nation.

UPDATE 1-S.Africa's Sanlam to buy 51 pct in Malaysian insurer for $119 mln

JOHANNESBURG, April 23 - South Africa's biggest insurer, Sanlam, said on Wednesday it would buy a majority stake in Malaysia's MCIS Zurich Insurance Berhad for about $119 million, further expanding its presence in the southeast Asian nation.

S.Africa's Sanlam to buy 51 pct in Malaysian insurer for $119 mln

JOHANNESBURG, April 23 - South Africa's biggest insurer Sanlam said on Wednesday it would acquire a majority stake in Malaysia's MCIS Zurich Insurance Berhad for about 1.25 billion rand ($119 million), further expanding its footprint in the southeast Asian nation.

Insurer Sanlam plans 3-4 African acquisitions this year

JOHANNESBURG - South Africa's largest insurer Sanlam plans to conclude three or four acquisitions in other African countries this year as it chases faster-growing markets, a senior official said.

South Africa stocks fall, led by Naspers

JOHANNESBURG, April 7 - South African stocks fell sharply on Monday, led by media and e-commerce group Naspers , which was hit by a sell-off in Chinese Internet giant Tencent Holdings, of which it owns more than a third.

South African insurer Sanlam posts 39 pct 2013 earnings jump

JOHANNESBURG, March 6 - South African life insurer Sanlam reported a 39 percent rise in full-year earnings on Thursday, boosted by new businesses in Africa and Asia.

S.Africa's Sanlam says has $374 mln war chest for 2014 acquisitions

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.

BRIEF-Sanlam full-year normalised HEPS rises 35 pct

JOHANNESBURG, March 6 - Sanlam Ltd : * Normal dividend of 200 cents per share, up 21% * Says FY normalised headline earnings per share up 35% * Says FY net result from financial services per share increased by 34% * Says normal dividend of 200 cents per share, up 21% * FY net operating profit (net result from financial services) grew by 35%

BRIEF-Sanlam expects full-year operating profit between 30-35 pct

JOHANNESBURG, Feb 10 - Sanlam Ltd : * Says diluted headline earnings per share: expected to be up between 35 pct and 40 pct * Says diluted earnings per share attributable to shareholders: expected to be up between 40 pct and 45 pct * FY net operating profit is expected to be between 30 pct and 35 pct up on the corresponding period in 2012. * FY normalised headline earnings per share, which exclude fund transfers, are expected to increase by between 33 pct and 38 pct

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