Sanlam

Sanlam is a South African company based in Cape Town. Sanlam is in the insurance industry operates and offers various types of insurance for its clients. The company's history dates back to 1917, today Sanlam is one of the largest companies in Africa.

History

In December 1917, the business Charlie G. Fichardt, Willie A. Hofmeyr, Charlie R. Louw, Pieter A. Malan, Fred H. Dormehl, Antoon F. Benning ( all South Africans ) and the Scot Alfred McDowell met in Cape Town to the to discuss establishing an insurance company. This was as Suid - Afrikaanse Nasionale Trust en Assuransie Maatskappij ( South African National Trust and insurance company ), Santam, registered on 28 March 1918. The life insurance division was spun off into a separate company to ensure that long-term profits for the policyholder and the short-term profits would be separated for the shareholders. Sanlam was registered on 9 June 1918 as Suid - Afrikaanse Nasionale Lewens Assuransie Maatskappij Beperk ( South African National Life Insurance Company ), the parent company Santam focused on short-term insurance.

20th century

In the depression after the Second Boer War and the Spanish flu Sanlam had to contend with problems and generated in the first years only small surpluses, the main source of income came from rural areas before the end of the 1920s, the activity increased in cities. After the Second World War Sanlam expanded his business and continued to grow. The longtime chairman MS Louw joined the leadership of the South African state-owned company Industrial Development Corporation. 1953 was the number of employees of Sanlam about 800 people.

In 1954 the company was converted into a mutual insurance company. The company was the end of the 20th century to one of South Africa's largest insurance companies, 1998 to demutualisierte into a corporation and you went to the Johannesburg Stock Exchange and the Stock Exchange Namibia.

After 2000

Sanlam was integrated into the BEE policy concept. 2004, led by Patrice Motsepe companies Ubuntu - Botho Investments took over as part of a BEE transaction 10 percent of Sanlam. 2006 they acquired the shares of several companies and enlarged its activities to the provision of financial services for the entry-level segment. 2007 exceeded the inflow of business for the first time in the history of the company 100 billion South African rand. Sanlam has expanded its business to Asia, where they bought 2012 26 percent of India's Shriram group in Malaysia and Indonesia took one life insurance.

Boards

The corporate boards of Sanlam have had different titles over the years, some have the company also performed side by side.

Logo

The logos of Sanlam have varied greatly over time, partly they were used simultaneously. The initial logo from 1918 shows the initials of the company, in 1926 it was remodeled and was the headquarters of South Africa with a map as background. On the album 1932-1952 are the springbok, birds and the lettering to read " Sanlam ". From 1953 to 1967 the logo was a black bar was on the white Sanlam, 1968, the logo was a stylized S. 1970 was blue, the corporate color. From 1973, they had two caring hands as a logo, the present form of the logo is from 1991.