Sanlam [JSE:SLM] is to receive a 40% stake in Zimbabwean life insurance and reinsurance businesses after agreeing to a $11.6m deal with London-listed investment firm Masawara.
Experts say there is significant room for insurance companies in Zimbabwe to tap into the economy. However, economic hardship has also resulted in lower uptake of insurance products compared to other periods, an economist at a local finance institution said.
Masawara said on Thursday it has entered into a strategic and equity relationship with Sanlam Emerging Markets which will see the indirect Sanlam subsidiary "a...
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