Building trusted
relationships for growth

Sanlam Life Insurance Limited is the largest operating subsidiary of Sanlam Limited and offers retail and corporate life insurance and investment products in South Africa. Sanlam Ltd was established in 1918 and is the single largest insurer on the African continent with operations in 31 countries including eight of the top ten largest economies in Africa. Sanlam has a 106-year history of empowering diverse stakeholders and is a trusted adviser to retail and institutional clients in Africa and beyond. Sanlam’s purpose is to empower generations to be financially confident, secure and prosperous. Sanlam are committed to actively forging a stable and secure future that benefits all stakeholders.

The facility provided was a R3 Billion revolving credit facility to assist Sanlam Life Insurance Ltd to bolster its funding position as it prepares for growth opportunities that enhance its contribution to Sanlam Group’s Equity Value. Its’ successful completion will enable Sanlam Life Insurance Ltd to position itself for long term growth prospects that will strengthen the company’s market share in South Africa.

Absa’s participation in this transaction is underpinned by our longstanding relationship and ambition to be Sanlam’s partner of choice in South Africa and across the Continent. It reaffirms our commitment to strategic growth and innovation and economic growth in Africa, aligning with our long-term vision to deliver exceptional value to stakeholders. Through our partnership with Sanlam, we are poised to drive collaborative success and create lasting value across the continent for years to come.