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Santam

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South African company

Santam Limited
Santam Umbrella Logo
Company typePublic company
Traded asJSE: SNT
Industryfinancial services
FoundedMay 1, 1918 (1918-05-01)
HeadquartersTyger Valley, Bellville, City of Cape Town, South Africa
Key peopleTavaziva Madzinga (CEO);
Hennie Nel (CFO);
Nombulelo Moholi (Chairman)
ProductsShort-term insurance
RevenueIncrease R49.627 billion (2022)
Operating incomeDecrease R2.084 billion (2022)
Net incomeIncrease R33 166 million (2022)
Total assetsIncrease R73.047 billion (2022)
Total equityDecrease R11.598 billion (2022)
OwnersSanlam (62.3% - 2022)
Number of employees6 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. 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.

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. Santam is a subsidiary of South African financial services group Sanlam, which holds 62.3% of Santam’s shares. Santam released their annual financial results for 2022 on 2 March 2023.

Leadership

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

  • 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:

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

  1. ^ "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.

External links


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