John Junior NGULUBE
CEO Sanlam Pan Africa
I am pleased to announce that Sanlam Emerging Markets has officially changed its name to Sanlam Pan Africa (SPA) as the descriptor for the SEM African operations. The SEM legal entity will remain, as it houses both the India and Malaysia operations, and it will continue to be reported as such for the 2018 annual results and the annual report in March.
We believe that changing our name to SPA signals our strategic intent to focus exclusively on our 33 countries and approximately 90 businesses in Africa, and to realise our vision of being the leading diversified pan-African financial services player. This increased focus should create more value for our cluster, especially at this point where SAHAM Finances is on board, thus creating a truly pan-African business.
The change becomes effective in March and only applies to our Group Office staff in Cape Town, Johannesburg and Casablanca. It is important to note that this does not affect the branding of our businesses in country.
As communicated previously, India, Malaysia and Lebanon forms part of the Sanlam Group’s Strategic Investments portfolio as of 1 January 2019, reporting to Heinie Werth.