Latest news with #Sanlam
SowetanLIVE
18 hours ago
- Business
- SowetanLIVE
Get ready for a medical aid reboot. Change is coming, Mzansi
Launching on October 1, a bold new medical aid scheme will rise. Built on Fedhealth's 89-year legacy of innovation and backed by the power of Sanlam, it's designed to deliver exactly what you've been asking for: more value, more choice and more affordability. Fedhealth and Sanlam have listened to what SA wants from a scheme — and are building on what works within the current system, reshaping where necessary, and creating a medical aid experience that truly puts you first. Fedhealth and Sanlam: a legacy of innovation and the expertise of a financial powerhouse Earlier this year, Sanlam announced an agreement to partner with Fedhealth as its single open medical scheme provider. This move supports the Sanlam group's strategy to provide a complete health offering to existing and potential clients as part of its overall financial services value proposition. The partnership also reinforces Sanlam's aim to offer an integrated healthcare, insurance and investment offering that delivers more value, affordability and sustainability. For Fedhealth, this agreement will realise its objective of expanding its market share in the corporate market in SA, which stands to bring in substantial new corporate members via Sanlam's established client base. Current Fedhealth members can rest assured: the new scheme will still operate as an independent entity, run by a board of trustees consisting of scheme members. Excitement about the future of healthcare, reimagined 'We are pleased about the conclusion of our partnership agreement with Fedhealth, which supports our objective to significantly upweight our health focus,' says Paul Hanratty, Sanlam group CEO. 'Many South Africans need affordable private healthcare delivered by a solid medical aid. Our partnership with Fedhealth demonstrates our commitment to enable accessible healthcare and reinforces our outlook to encourage our clients to live confidently, healthily, and resiliently build wealth. We have already migrated most of our staff to Fedhealth and look forward to a mutually beneficial partnership.'
TimesLIVE
18 hours ago
- Business
- TimesLIVE
Get ready for a medical aid reboot. Change is coming, Mzansi
Launching on October 1, a bold new medical aid scheme will rise. Built on Fedhealth's 89-year legacy of innovation and backed by the power of Sanlam, it's designed to deliver exactly what you've been asking for: more value, more choice and more affordability. Fedhealth and Sanlam have listened to what SA wants from a scheme — and are building on what works within the current system, reshaping where necessary, and creating a medical aid experience that truly puts you first. Fedhealth and Sanlam: a legacy of innovation and the expertise of a financial powerhouse Earlier this year, Sanlam announced an agreement to partner with Fedhealth as its single open medical scheme provider. This move supports the Sanlam group's strategy to provide a complete health offering to existing and potential clients as part of its overall financial services value proposition. The partnership also reinforces Sanlam's aim to offer an integrated healthcare, insurance and investment offering that delivers more value, affordability and sustainability. For Fedhealth, this agreement will realise its objective of expanding its market share in the corporate market in SA, which stands to bring in substantial new corporate members via Sanlam's established client base. Current Fedhealth members can rest assured: the new scheme will still operate as an independent entity, run by a board of trustees consisting of scheme members. Excitement about the future of healthcare, reimagined 'We are pleased about the conclusion of our partnership agreement with Fedhealth, which supports our objective to significantly upweight our health focus,' says Paul Hanratty, Sanlam group CEO. 'Many South Africans need affordable private healthcare delivered by a solid medical aid. Our partnership with Fedhealth demonstrates our commitment to enable accessible healthcare and reinforces our outlook to encourage our clients to live confidently, healthily, and resiliently build wealth. We have already migrated most of our staff to Fedhealth and look forward to a mutually beneficial partnership.' By partnering with Sanlam, Fedhealth will now be able to offer even more money saving opportunities by means of integrated product offerings, an innovative rewards platform and wellness incentives to our members Jeremy Yatt, Fedhealth's principal officer The partnership is a synergy of two core shared values: customisation and affordability, says Jeremy Yatt, Fedhealth's principal officer. 'Fedhealth is already unique in the medical aid landscape, thanks to our ability to offer customisable medical aid, which allows our members to craft the plan that suits them, so they do not have to pay for benefits they do not use. This leads to significant cost savings,' he says. 'By partnering with Sanlam, we'll now be able to offer even more money-saving opportunities by means of integrated product offerings, an innovative rewards platform and wellness incentives to our members that encourage them to take further charge of their health.' SA's most trusted health brand by 2030 This partnership is about more than business — it is about making a meaningful difference in the lives of all South Africans. Says Yatt: 'We are setting a new standard for health and wellness by combining Sanlam's trusted reputation and extensive reach with Fedhealth's clinical expertise. Together, we aim to bring more benefits, greater access and cutting-edge innovation to financial, physical and mental wellbeing — all in one place. Our vision is clear: to become SA's most trusted health brand by 2030, delivering real value every step of the way.'
eNCA
2 days ago
- Business
- eNCA
Medical aid change is coming, South Africa
SPONSORED - It's about time that medical aid evolves to meet the needs of modern South Africans - and we're proud to be leading the way. Launching 1 October, a bold new medical aid scheme will rise. Built on Fedhealth's 89-year legacy of innovation and backed by the power of Sanlam, it's designed to deliver exactly what you've been asking for: more value, more choice and more affordability. We've listened to what South Africa wants from a scheme – and we're building on what works within the current system, reshaping where necessary, and creating a medical aid experience that truly puts you first. Fedhealth and Sanlam: A legacy of innovation and the expertise of a financial powerhouse Earlier this year, Sanlam announced an agreement to partner with Fedhealth as its single open medical scheme provider. This move supports the Sanlam group's strategy to provide a complete health offering to existing and potential clients as part of its overall financial services value proposition. The partnership also reinforces Sanlam's aim to offer an integrated healthcare, insurance and investment offering that delivers more value, affordability and sustainability. For Fedhealth, this agreement will realise its objective of expanding its market share in the corporate market in South Africa, which stands to bring in substantial new corporate members via Sanlam's established client base. Current Fedhealth members can rest assured: the new Scheme will still operate as an independent entity, run by a Board of Trustees consisting of Scheme members. Excitement about the future of healthcare, reimagined Sanlam group CEO, Paul Hanratty says: 'We are pleased about the conclusion of our partnership agreement with Fedhealth, which supports our objective to significantly upweight our health focus. Many South Africans need affordable private healthcare delivered by a solid medical aid. Our partnership with Fedhealth demonstrates our commitment to enable accessible healthcare and reinforces our outlook to encourage our clients to live confidently, healthily and resiliently build wealth. We have already migrated most of our staff to Fedhealth and look forward to a mutually beneficial partnership.' The partnership is a synergy of two core shared values: customisation and affordability, says Fedhealth's Principal Officer, Jeremy Yatt. 'Fedhealth is already unique in the medical aid landscape, thanks to our ability to offer customisable medical aid, which allows our members to craft the plan that suits them, so they do not have to pay for benefits they do not use. This leads to significant cost savings,' he says. 'By partnering with Sanlam, we'll now be able to offer even more money saving opportunities by means of integrated product offerings, an innovative rewards platform and wellness incentives to our members that encourage them to take further charge of their health.' SA's most trusted health brand by 2030 This partnership is about more than business - it is about making a meaningful difference in the lives of all South Africans. Says Yatt: 'We are setting a new standard for health and wellness by combining Sanlam's trusted reputation and extensive reach with Fedhealth's clinical expertise. Together, we aim to bring more benefits, greater access and cutting-edge innovation to financial, physical and mental wellbeing – all in one place. Our vision is clear: to become South Africa's most trusted health brand by 2030, delivering real value every step of the way.'
IOL News
3 days ago
- Business
- IOL News
Sanlam reports strong operational performance amid geopolitical tensions
Sanlam, South Africa-based financial services groups operating in 31 emerging markets, said it had performed strongly in the first quarter of its financial year to end-March, and had substantially bolstered its discretionary capital. Sanlam on Thursday announced a strong start in its operational update for the three months to March 31, 2025, in a period marked by escalating geopolitical tensions and shifting economic policies. Earnings, excluding investment return on shareholder funds, for South Africa's biggest non-banking financial services group increased 15%, while operational earnings, including these investment returns, increased by 22%. New business volumes were up by 15%. 'While we are pleased with the performance across all business lines, we are concerned about more serious and long-ranging impacts arising from the tariff policies. It is too early to provide any meaningful update to our earnings considering the uncertainties regarding the impacts of the tariff disputes,' CEO Paul Hanratty said in the quarterly update.
Yahoo
4 days ago
- Business
- Yahoo
Sanlam invests in Indian asset management firm Shriram AMC
South African asset manager Sanlam has entered into a strategic partnership with Shriram Group's business unit, Shriram Asset Management Company (Shriram AMC). Shriram AMC operates in various financial services, including commercial vehicles, consumer finance, life and general insurance, stock broking, chit funds, and financial product distribution. Under the deal, Shriram AMC has preferentially allotted 3.89 million equity shares to Sanlam Emerging Markets (Mauritius) (SEMM), resulting in a capital infusion of Rs1.05bn ($12.2m). This investment grants SEMM a 23% direct stake in Shriram AMC, marking its entry as a co-promoter alongside Shriram Credit Company Limited (SCCL). Consequently, the total promoter shareholding has risen from 62.55% to 71.17%, prompting a reconstitution of Shriram AMC's board to include representatives from Sanlam. The partnership is part of Shriram Group's strategy to enhance its financial services portfolio. Shriram AMC managing director and CEO Kartik Jain said: 'Leveraging its expertise in both quantitative and fundamental analysis, Sanlam will enhance the sophistication of Shriram AMC's investment processes and help deliver relevant and differentiated investment solutions to the right customer segments.' In 2022, the group had already secured an investment from Mission1 Investments, which acquired a 23% stake in Shriram AMC. This latest investment from Sanlam is seen as a continuation of the group's efforts to strengthen its asset management business and create a comprehensive platform for asset management services. Sanlam Investments CEO Carl Roothman said: 'We see India as a strategic growth market, and our partnership with Shriram AMC reflects our commitment to co-creating investment excellence, particularly in emerging markets. 'With over two decades of successful collaboration between the Shriram Group and Sanlam, this partnership builds on a long-standing legacy of trust, and a mutual vision to create impactful investments that benefit society.' The collaboration between Shriram Group and Sanlam is built on over two decades of joint ventures in various sectors, including financing, life insurance, and general insurance. In November 2024, Sanlam signed a binding agreement with Ninety One to establish a long-term partnership, making Ninety One the primary active investment manager for Sanlam's single-managed local and global products. "Sanlam invests in Indian asset management firm Shriram AMC" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
