Santam

Santam Limited

Santam Umbrella Logo
Company type	Public company
Traded as	JSE: SNT
Industry	financial services
Founded	May 1, 1918 (1918-05-01)
Headquarters	Tyger Valley, Bellville, City of Cape Town , South Africa
Key people	Tavaziva Madzinga (CEO); Hennie Nel (CFO); Nombulelo Moholi (Chairman)
Products	Short-term insurance
Revenue	R49.627 billion (2022) [1] : 109
Operating income	R2.084 billion (2022) [1] : 109
Net income	R33 166 million (2022) [1] : 109
Total assets	R73.047 billion (2022) [1] : 108
Total equity	R11.598 billion (2022) [1] : 108
Owners	Sanlam (62.3% - 2022)
Number of employees	6 339 (2022)
Website	www.santam.co.za

Santam is a South African financial services group that also has business interests in Malawi, Tanzania, Uganda, Zimbabwe and Zambia. ^[2] Santam's head office is located in Bellville in the Western Cape, South Africa. The company is listed on the Johannesburg Stock Exchange (JSE) and is South Africa's largest short-term insurer. ^{[3] [4] [5] [6] [7]}

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. ^[8] Santam is a subsidiary of South African financial services group Sanlam, which holds 62.3% of Santam’s shares. ^{[1] : 23} Santam released their annual financial results for 2022 on 2 March 2023. ^[9]

Leadership

As on 1 March 2023, Santam's executive management consists of: ^{[1] : 74}

• Group Chief Executive Officer: Tavaziva Madzinga
• Group Chief Financial Officer: Hennie Nel
• Executive Head: Santam Commercial and Personal: Edward Gibbens
• Executive Head: Santam Specialist business - Quinten Matthew
• Executive Head: Underwriting, Reinsurance and International: John Melville
• Executive Head: Human Resources Enid Lizamore
• Head: Market Development & Sustainability: Karl Socikwa
• Chief Executive Officer of MiWay: Burton Naicker
• Executive Head: strategic business development - Gerald van Wyk
• Executive Head: Intermediated Business - Andrew Coutts
• Chief Risk Officer, Asher Grevler

Major shareholders

Below are the group's largest shareholders as at 31 December 2022: ^{[1] : 126}

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

References

1. "Santam Integrated Report 2022" (PDF). Santam. 20 March 2023.
2. "Santam, Sanlam satisfy customers most". Fin24. 3 April 2013. Retrieved 5 September 2014.
3. "Santam Limited JSE Share Price in Fin24". Fin24. Retrieved 5 September 2014.
4. Mzwandile Jacks (12 August 2014). "Santam Profit Explosion Boosted By Improved Investments". Ventures Africa. Retrieved 5 September 2014.
5. Sapa (27 August 2014). "Insurers won't pay for quake damages". The New Age Online. Retrieved 5 September 2014.
6. "Santam Ranks 10th in the South African Top Employer 2023". Santam. 20 March 2023.
7. "Santam delivers strong gross written premium growth and resilient net insurance results". Santam. 20 March 2023.
8. "Short-term Insurance in South Africa". Business Day. 20 March 2023.
9. "Santam Annual Financial Report" (PDF). Santam.

External links

• Santam.co.za