Santam Limited
TypePublic company
JSE: SNT
Industryfinancial services
FoundedMay 1, 1918 (1918-05-01)
Headquarters
Tyger Valley, Bellville, City of Cape Town
,
South Africa
Key people
Tavaziva Madzinga (CEO);
Hennie Nel (CFO);
Nombulelo Moholi (Chairman)
ProductsShort-term insurance
RevenueIncrease R49.627 billion (2022)[1]: 109 
Decrease R2.084 billion (2022)[1]: 109 
Increase R33 166 million (2022)[1]: 109 
Total assetsIncrease R73.047 billion (2022)[1]: 108 
Total equityDecrease R11.598 billion (2022)[1]: 108 
OwnersSanlam (62.3% - 2022)
Number of employees
6 339 (2022)
Websitewww.santam.co.za

Santam is a South African financial services group that also has business interests in Malawi, Tanzania, Uganda, Zimbabwe and Zambia.[2] Santam's head office is located in Bellville in the Western Cape, South Africa. The company is listed on the Johannesburg Stock Exchange (JSE) and is South Africa's largest short-term insurer.[3][4][5][6][7]

History

The Suid-Afrikaanse Nasionale Trust en Assuransie Maatskappy (South African National Trust and Assurance Company Limited) (Santam) was established on 1 May 1918. One month later the South African Life Assurance Company (Sanlam) was established as a full subsidiary of Santam to focus on life assurance while Santam remained focused on short-term insurance.[8] Santam is a subsidiary of South African financial services group Sanlam, which holds 62.3% of Santam’s shares.[1]: 23  Santam released their annual financial results for 2022 on 2 March 2023.[9]

Leadership

As on 1 March 2023, Santam's executive management consists of:[1]: 74 

  • Group Chief Executive Officer: Tavaziva Madzinga
  • Group Chief Financial Officer: Hennie Nel
  • Executive Head: Santam Commercial and Personal: Edward Gibbens
  • Executive Head: Santam Specialist business - Quinten Matthew
  • Executive Head: Underwriting, Reinsurance and International: John Melville
  • Executive Head: Human Resources Enid Lizamore
  • Head: Market Development & Sustainability: Karl Socikwa
  • Chief Executive Officer of MiWay: Burton Naicker
  • Executive Head: strategic business development - Gerald van Wyk
  • Executive Head: Intermediated Business - Andrew Coutts
  • Chief Risk Officer, Asher Grevler

Major shareholders

Below are the group's largest shareholders as at 31 December 2022:[1]: 126 

Majority shareholders 31 December 2022 (%)
Sanlam62.3
Public shareholders30.85
Government Employees Pension Fund5.14
Guardian National Insurance Ltd3.84
Trustees of employees’ share scheme1.37
Directors0.03

References

  1. 1 2 3 4 5 6 7 8 "Santam Integrated Report 2022" (PDF). Santam. 20 March 2023.
  2. ↑ "Santam, Sanlam satisfy customers most". Fin24. 3 April 2013. Retrieved 5 September 2014.
  3. ↑ "Santam Limited JSE Share Price in Fin24". Fin24. Retrieved 5 September 2014.
  4. ↑ Mzwandile Jacks (12 August 2014). "Santam Profit Explosion Boosted By Improved Investments". Ventures Africa. Retrieved 5 September 2014.
  5. ↑ Sapa (27 August 2014). "Insurers won't pay for quake damages". The New Age Online. Retrieved 5 September 2014.
  6. ↑ "Santam Ranks 10th in the South African Top Employer 2023". Santam. 20 March 2023.
  7. ↑ "Santam delivers strong gross written premium growth and resilient net insurance results". Santam. 20 March 2023.
  8. ↑ "Short-term Insurance in South Africa". Business Day. 20 March 2023.
  9. ↑ "Santam Annual Financial Report" (PDF). Santam.


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