13 марта, 01:46

Moroccan Tycoon Moulay Elalamy Sells Insurance Firm For $1 Billion

Saham Finances, the insurance giant founded by Moroccan businessman and current minister for trade and industry, Moulay Elalamy, has been fully acquired by South Africa’s biggest insurer, Sanlam, for $1 billion.

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24 августа 2015, 18:10

Brutal Monday sends FTSE to lowest since 2012

The FTSE 100 slumped to its lowest level in almost three years on Monday, with all stocks but one in the red and miners leading the slide on growing fears of a China-led global economic slowdown. Alarm bells rang across world markets after a 9 percent dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors. Traders said investors were effectively being forced to sell to raise cash after widespread losses across markets and that the chain reaction had yet to reach its end.

26 июня 2015, 19:15

South Africa stocks lower at close of trade; FTSE/JSE Top 40 down 0.43%

South Africa stocks were lower after the close on Friday, as losses in the Other Mineral Extractors, Resources and Mining sectors led shares lower. At the close in Johannesburg, the FTSE/JSE Top 40 declined 0.43%. The best performers of the session on the FTSE/JSE Top 40 were Capital&Counti (JO:CCOJ), which rose 1.86% or 155.00 points to trade at 8480.00 at the close. Meanwhile, SABMiller PLC (JO:SABJ) added 1.18% or 770 points to end at 66070 and Compagnie Financiere Richemont SA (JO:CFRJ) was up 0.95% or 97 points to 10297 in late trade. The worst performers of the session were MTN Group Ltd (JO:MTNJ), which fell 2.25% or 518 points to trade at 22500 at the close. Firstrand Ltd (JO:FSRJ) declined 2.24% or 122 points to end at 5354 and Sanlam Ltd (JO:SLMJ) was down 1.98% or 137 points to 6868. Rising stocks outnumbered declining ones on the Johannesburg Stock Exchange by 126 to 122 and 14 ended unchanged. Shares in Capital&Counti (JO:CCOJ) rose to all time highs; up 1.86% or 155.00 to 8480.00. Crude oil for August delivery was down 0.39% or 0.23 to $59.47 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.04% or 0.03 to hit $63.17 a barrel, while the August Gold contract rose 0.05% or 0.60 to trade at $1172.40 a troy ounce. USD/ZAR was up 0.89% to 12.2149, while EUR/ZAR rose 0.32% to 13.6151. The US Dollar Index was up 0.42% at 95.77.

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14 октября 2013, 19:54

ЮАР: Sanlam планирует приобрести 49% бумаг NICO

Южноафриканский страховщик Sanlam ведет переговоры по поводу приобретения 49%-ной доли подразделения NICO Holdings. Стоит отметить, что сумма сделки не разглашается. Напомним, что Sanlam уже принадлежит 49% бумаг NICO.

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05 сентября 2013, 16:51

ЮАР: полугодовая прибыль Sanlam увеличилась на 36%

Южноафриканский страховщик Sanlam отчитался о 36%-ном росте полугодовой прибыли в связи с расширением бизнеса в развивающихся странах и разработкой новых продуктов. Так, прибыль компании за вычетом разовых статей повысилась в первом полугодии до 3,44 млрд рэндов ($336 млн) в сравнении с 2,53 млрд рэндов годом ранее.

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05 сентября 2013, 11:35

Acquisitions boost H1 earnings at South Africa's Sanlam

JOHANNESBURG (Reuters) - South African life insurer Sanlam posted a 43 percent jump in first-half earnings on Thursday propelled by earnings from its new businesses in Malaysia and India.

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23 июля 2012, 15:42

Strategic Briefing | 7.23.12 | The Spanish Risk Factor

Spanish Yield Reaches Record on Regional Bailout ConcernBloomberg | July 23 Spanish bonds slumped, with 10-year yields climbing to a euro-era high, after El Pais said six regions may ask the central government for financial assistance, increasing concern the nation will need additional aid…. “The probable bailouts of some Spanish regions is weighing on markets and pushing up yields,” said Craig Veysey, head of fixed income at Principal Investment Management Ltd. in London, part of Sanlam Group, which manages $72 billion. “There is concern that Spain might be looking for a sovereign bailout sooner rather than later as a result of having to bail out the regions. Yields at current levels aren’t viable for Spain.”