Operating conditions remained challenging in South Africa with no improvement expected in the country's economic growth in the short to medium term. Economic conditions in the other emerging markets where Sanlam operates remained broadly unchanged from the first half of 2019.

Sanlam CEO Ian Kirk said, 'We are satisfied about this performance in the challenging conditions. It is pleasing that we continue to deliver good relative performance across our businesses. This is testimony to the quality of our business and our people, their ability to execute and deliver value for all our stakeholders.'

'We remain focused on our core competencies, which are to deliver shareholder value under challenging conditions while executing future growth strategies. This is founded on our diversified profile and federal management model that supports a dual focus on operational and strategic delivery,' Kirk added.

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Sanlam Ltd. published this content on 04 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 December 2019 12:18:03 UTC