South African company
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
|
R49.627 billion (2022)[1]: 109 
R2.084 billion (2022)[1]: 109 