Santam in BEE deal

February 26, 2007

Santam (SNT), South Africa’s largest short-term insurer, announces its intention to enter into a broad-based black economic empowerment (BEE) transaction for the benefit of staff, community trusts and strategic business partners...

"Our progress with regards to BEE was impacted when discussions with Sanlam about increased shareholding were terminated in September last year.

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