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Sanlam cuts stake in SanlamAllianz to 51% Chamwe Kaira Sanlam Group has reduced its shareholding in SanlamAllianz to 51% following the sale of Sanlam Life Namibia and the acquisition of an additional stake by Allianz Europe BV. According to the group’s half-year results for the period ending 30 June 2025, Allianz acquired 8.59% of SanlamAllianz on 7 April 2025, leaving Sanlam with 51% and Allianz with 49%.  Sanlam Life Namibia was sold to SanlamAllianz with effect from 1 July 2024. Before the transaction, Sanlam owned 100%, but afterward its effective ownership in Sanlam Life Namibia dropped to 59.59%. The group said the first half of the year was marked by global trade and political tensions, policy divergence and shifting investor sentiment.  New tariffs introduced in April during the “Liberation Day” period triggered a sharp sell-off in global equities. Markets recovered strongly in the following weeks as tariff escalation paused.  US markets ended the half year with moderate gains, while Europe and Asia outperformed. Sanlam said it maintained a disciplined approach to capturing upside in key regions while managing risk in a volatile policy environment.  The group reported strong performance driven by solid execution, strategic positioning, and cost and claims management. The balance sheet improved with stronger cash generation and prudent capital allocation. The net result from financial services rose 14% to N8.1 billion, supported by contributions from general insurance, life insurance, and credit and structuring. Net operational earnings increased 15% to R9.3 billion. New business volumes grew 7% to N$218 billion. Life insurance net value of new business fell 18%, reflecting the Namibia disposal, the end of the Capitec co-operation agreement, and weaker sales of life annuities. On a normalised basis, the decline was 3%. Net client cash flows more than doubled to N48.5 billion, with strong inflows from South African investment management, retail platforms, and insurance operations. Group equity value per share stood at N84.12, and return on group equity value reached 8.9% (18.2% annualised), above the hurdle rate. In June, Sanlam Namibia rebranded to SanlamAllianz Namibia following the strategic alliance between Sanlam and Allianz.  The company said the transition will bring growth, value creation, and world-class financial services. Caption Sanlam Namibia rebranded to SanlamAllianz Namibia in June.  * Photo: SanlamAllianz

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Second 2025 intern group starts at SanlamAllianz - Namibia Economist Second 2025 intern group starts at SanlamAllianz  Namibia Economist

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SanlamAllianz Namibia embarks on new era …brings together industry leaders with shared African vision - New Era Namibia SanlamAllianz Namibia embarks on new era …brings together industry leaders with shared African vision  New Era Namibia

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Sanlam rebrands as SanlamAllianz Namibia – News Stand - Windhoek Observer Sanlam rebrands as SanlamAllianz Namibia – News Stand  Windhoek Observer

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Sanlam rebrands as SanlamAllianz Namibia Staff Writer  Sanlam has officially rebranded as SanlamAllianz Namibia, marking the start of a new chapter for the country’s insurance sector.  The announcement was made on Tuesday following a strategic alliance with Allianz, one of the world’s leading insurers and asset managers.  The rebrand was unveiled during a series of events in Windhoek, including a vibrant parade along Independence Avenue to the National Theatre of Namibia, a media conference at Sanlam Centre, and a gala dinner at Windhoek Country Club Resort. SanlamAllianz CEO Tertius Stears spoke at the gala dinner, emphasising that the partnership brings together the expertise and financial strength of two respected global brands.  “We believe our transition to SanlamAllianz Namibia will usher in a new era of growth and value creation. It will bring world-class financial solutions and services that benefit not only our clients and stakeholders but also the broader financial services industry and ultimately the people of Namibia,” said Stears.  He also noted that the rebrand strengthens the company’s commitment to enhancing wealth-creation opportunities for Namibia’s German community, thanks to Allianz’s strong German roots. Michael Humavindu, executive director of the ministry of finance, described Sanlam as a trusted name that has been deeply woven into Namibia’s economic fabric for nearly a century.  “Its legacy is closely linked to the strong economic and trade ties between Namibia and South Africa. As Sanlam embarks on its new journey as SanlamAllianz Namibia, we look forward with great anticipation. This partnership holds immense potential to unlock new value, innovation, and opportunities for all Namibians. It is a testament to progress and a commitment to fostering a more prosperous future,” said Humavindu. The rebrand was officially announced by Emma Theofelus, the minister of information and communication technology.  In her address, she stressed the alignment between the partnership’s goals and Namibia’s national priorities.  “At the heart of our national agenda is a commitment to empowering and uplifting the people, businesses, and communities of Namibia. This is central to the growth and resilience of our economy. Equally important is our dedication to ensuring that every Namibian has access to appropriate and accessible financial solutions. This partnership holds great promise in advancing those goals,” said Theofelus. Heinie Werth, CEO of SanlamAllianz, reinforced the group’s mission. “SanlamAllianz’s core purpose is to expand access and empower generations in emerging markets to achieve financial security. We want the next generation to enjoy greater financial well-being, better education and skills, improved earning potential, and access to opportunities their predecessors might not have had.” SanlamAllianz Namibia recognises its responsibility to support Namibia’s economic development and inclusive growth.  This includes creating new products, supporting capital market development, attracting foreign direct investment, generating jobs for young people, and helping small businesses flourish.  The company said it remains committed to championing financial inclusion across Africa, adapting to changing societal needs, and contributing to the economic empowerment and well-being of the communities it serves.

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Sanlam unveils new era as SanlamAllianz Namibia In a landmark development that signals a new chapter for Namibia’s financial sector, Sanlam has officially rebranded as SanlamAllianz Namibia. The announcement, made on Tuesday 24 June, follows the strategic alliance between Sanlam and Allianz, one of the world’s leading insurers and asset managers. The rebrand was unveiled during a

#SanlamAllianz #Namibia #FinancialSector #Rebranding #Insurance

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