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Sanlam expands African footprint

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Sanlam's offices in Sandton, Johannesburg
Sanlam's offices in Sandton, Johannesburg

Africa is a continent rich with expansion opportunities that are often accompanied by poor returns.

Expansion on the continent does, however, remain at the core of the strategies of some major South African companies, possibly because they have an established presence there and need to try to make it work; or possibly because they believe in Africa’s well-documented growth potential, despite the significant hurdles.

Looking at the experience of companies such as MTN and Shoprite, this strategy is not without its risks, but it remains core to Sanlam’s strategy, which was reiterated when it reported results for the year to end-December 2020 in mid-March.

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