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Sanlam says it has R3bn in discretionary capital that is earmarked for growth opportunities mainly in Africa and South-East Asia.
By Phakamisa Ndzamela
South Africa's largest short-term insurer‚ Santam‚ said last week it was looking to unwind its Europe-focused international division.
London- and JSE-listed insurer Old Mutual grew the number of customers in its operations in the rest of Africa by 590,000 in 2013 as it continues to focus on emerging markets to achieve growth.
By Gillian Jones
Sanlam and short-term insurer Santam will work together in emerging markets as the group expands into the rest of Africa‚ and South-east Asia.
London- and Johannesburg-listed insurer Old Mutual reported good results on Wednesday (7 August) in most areas of its business for the six months to June this year.
Growing affluence in emerging markets is good news for manufacturers of gas-guzzling vehicles.
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