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]
 Santam Umbrella Logo | |
| Company type | Public company |
|---|---|
| JSE: SNT | |
| Industry | financial services |
| Founded | May 1, 1918 |
| Headquarters | , |
Key people | Tavaziva Madzinga (CEO); Hennie Nel (CFO); Nombulelo Moholi (Chairman) |
| Products | Short-term insurance |
| Revenue |  R49.627 billion (2022)[1]: 109 |
 R2.084 billion (2022)[1]: 109 | |
| R33 166 million (2022)[1]: 109 | |
| Total assets | R73.047 billion (2022)[1]: 108 |
| Total equity | R11.598 billion (2022)[1]: 108 |
| Owners | Sanlam (62.3% - 2022) |
Number of employees | 6 339 (2022) |
| Website | www |
History
editThe 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
editAs 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
editBelow are the group's largest shareholders as at 31 December 2022:[1]: 126
| Majority shareholders | 31 December 2022 (%) |
|---|---|
| Sanlam | 62.3 |
| Public shareholders | 30.85 |
| Government Employees Pension Fund | 5.14 |
| Guardian National Insurance Ltd | 3.84 |
| Trustees of employees’ share scheme | 1.37 |
| Directors | 0.03 |
References
edit- ^ a b c d e f g h "Santam Integrated Report 2022" (PDF). Santam. 20 March 2023.
- ^ "Santam, Sanlam satisfy customers most". Fin24. 3 April 2013. Retrieved 5 September 2014.
- ^ "Santam Limited JSE Share Price in Fin24". Fin24. Retrieved 5 September 2014.
- ^ Mzwandile Jacks (12 August 2014). "Santam Profit Explosion Boosted By Improved Investments". Ventures Africa. Retrieved 5 September 2014.
- ^ Sapa (27 August 2014). "Insurers won't pay for quake damages". The New Age Online. Retrieved 5 September 2014.
- ^ "Santam Ranks 10th in the South African Top Employer 2023". Santam. 20 March 2023.
- ^ "Santam delivers strong gross written premium growth and resilient net insurance results". Santam. 20 March 2023.
- ^ "Short-term Insurance in South Africa". Business Day. 20 March 2023.
- ^ "Santam Annual Financial Report" (PDF). Santam.
External links
edit
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