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Santam Ltd (SNTJ.J)

SNTJ.J on Johannesburg Stock Exchange

32,970.00ZAc
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Latest Key Developments (Source: Significant Developments)

Santam ‍Acquires Remaining 53.37 Pct Stake in Saham Finances S.A For $1.05 Bln
Thursday, 8 Mar 2018 12:06am EST 

March 8 (Reuters) - Santam Ltd ::‍ACQUISITION OF INTEREST IN SAHAM FINANCES VIA INDIRECT ACQUISITION OF REMAINING 53.37% SHAREHOLDING NOT OWNED BY SANLAM EMERGING MARKETS IRELAND.DEAL ‍TOTAL CONSIDERATION PAYABLE IN TERMS OF TRANSACTION IS US$1,050 MILLION​.WILL FUND CONSIDERATION BY USING A COMBINATION OF AVAILABLE DISCRETIONARY CAPITAL, DEBT FACILITIES AND ISSUANCE OF EQUITY INSTRUMENTS​.  Full Article

Santam Says FY HEPS Up 31 Pct​
Thursday, 1 Mar 2018 01:00am EST 

March 1 (Reuters) - Santam Ltd ::‍FINAL DIVIDEND OF 616 CENTS PER SHARE, UP 8%​.‍FY HEADLINE EARNINGS PER SHARE INCREASED 31%​.‍FY HEADLINE EARNINGS PER SHARE FROM 1 086 CPS IN 2016 TO 1 425 CPS IN 2017.FY ‍NET WRITTEN PREMIUM 21.69 BLN RAND VS 19.77 BLN RAND​​.  Full Article

Santam ‍Expects FY HEPS To Be Between 1 401 Cps And 1 455 Cps​
Wednesday, 21 Feb 2018 03:57am EST 

Feb 21 (Reuters) - Santam Ltd ::‍EXPECTS HEADLINE EARNINGS PER SHARE (HEPS) FOR YEAR ENDED 31 DECEMBER 2017 TO BE BETWEEN 1 401 CPS AND 1 455 CPS​.SANTAM -NET UNDERWRITING MARGIN IS EXPECTED TO BE CLOSE TO MIDPOINT OF LONG-TERM TARGET RANGE OF 4% TO 8% OF NET EARNED PREMIUMS FOR YEAR ENDED 31 DEC 2017​.EXPECTS FY ‍EARNINGS PER SHARE TO BE BETWEEN 1 485 CPS AND 1 540 CPS.  Full Article

Santam Ltd Says ‍Yaganthrie Ramiah Has Resigned From Board
Friday, 5 Jan 2018 09:05am EST 

Jan 5 (Reuters) - Santam Ltd ::‍YAGANTHRIE RAMIAH HAS RESIGNED FROM BOARD WITH EFFECT FROM 5 JANUARY 2018​.  Full Article

Santam says ‍HY headline earnings per share decreased by 6 pct​
Thursday, 31 Aug 2017 02:00am EDT 

Aug 31 (Reuters) - Santam Ltd :‍HY HEADLINE EARNINGS PER SHARE DECREASED BY 6%​.‍HY GROSS WRITTEN PREMIUM GROWTH OF 14%​.‍HY CONVENTIONAL INSURANCE GROSS WRITTEN PREMIUM GROWTH 12%​.‍INTERIM DIVIDEND OF 336 CENTS PER SHARE, UP 8%​.‍TRADING CONDITIONS REMAIN VERY COMPETITIVE IN A LOW-GROWTH ECONOMIC ENVIRONMENT​.  Full Article

Santan says net underwriting margin for 4 months to April within target range
Wednesday, 31 May 2017 06:00am EDT 

May 31 (Reuters) - Santam Ltd ::For four month period ended 30 April 2017, achieved 'acceptable' underwriting results in a tough economic climate and a deteriorating claims environment.For four month period ended 30 April 2017, growth in gross written premium was satisfactory given impact of competitive market conditions and low economic growth.For four month period ended 30 April 2017, group achieved a net underwriting margin within target range of 4 pct to 8 pct, but below midpoint.Operational performance of Saham finances remained in line with business plan.  Full Article

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

UPDATE 1-South Africa's Sanlam raises $490 mln in new share issue

JOHANNESBURG, March 28 Leading South African insurer Sanlam has raised 5.7 billion rand ($490 million) by selling new shares to help fund its joint acquisition of Moroccan company SAHAM Finances, it said on Wednesday.