Santam
South African company
From Wikipedia, the free encyclopedia
Santam is a South African financial services group that also has business interests in Malawi, Tanzania, Uganda, Zimbabwe, and Zambia.[1] Santam's head office is located in Bellville in the Western Cape, South Africa.
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) |
 R2.084 billion (2022) | |
| R33 166 million (2022) | |
| Total assets | R73.047 billion (2022) |
| Total equity | R11.598 billion (2022) |
| Owners | Sanlam: 62.3% (2022) |
Number of employees | 6,339 (2022)[citation needed] |
| Parent | Sanlam |
| Website | www |
The company is listed on the Johannesburg Stock Exchange (JSE) and is South Africa's largest short-term insurer.[2][3][4][5][6]
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.[7]
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.[8]
Major shareholders
Below are the group's largest shareholders as at 31 December 2022.[citation needed]
| 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 |
