SANLAM ACQUIRES 40% STAKE IN GHANA'S ENTERPRISE INSURANCE

Sanlam Emerging Markets has acquired a 40-percent stake in Ghana's Enterprise Insurance Company for 240-million-Rand. The transaction remains subject to regulatory approval in Ghana. Sanlam already has a relationship with the Enterprise Group, which is listed on the Ghana Stock Exchange, and owns considerable stakes in Enterprise Life and Enterprise Trustees. For more on the deal CNBC Africa is joined by Thabied Majal, Corporate Development Executive at Sanlam Emerging Markets.