The cornerstone of our purpose, to build a world of WealthsmithsTM, is our ability to create shared value for our material stakeholders. In this way we are able to strengthen their financial resilience and prosperity.
This contributes to a mutually beneficial value ecosystem for individuals, organisations and society.
Continuous transformation is central to Sanlam’s ability to adapt to a changing world and underpins all of the strategic pillars.
Sanlam’s financial and risk solutions support wealth creation and protection for individuals and organisational clients. The nature of these solutions often have a positive impact beyond the client, as it supports systemic resilience for businesses, families and communities, such as in the case of death, disability or fires and floods.
We use a decentralised operational model, managed through tight principles set at a Group level, to execute on our strategy. This model is a key part of our ability to diferentiate ourselves from our peers in strategic execution.
We offer the following products and services:
Risk solutions provide monetary benefits to compensate for the financial impact of unexpected events such as death, disability, trauma and retrenchment
Investment solutions facilitate wealth accumulation and provide for income at retirement through a full range of investment options that offer varying levels of investment guarantees
Retail client solutions offer savings options that create wealth through a range of collective investment schemes and wealth management solutions, including stockbroking
Institutional client solutions offer wealth creation through traditional and specialist asset management in South Africa and abroad
Retail client solutions offer access to personal loans and traditional banking to create long-term financial prosperity
Institutional client solutions provide asset-based nancing, debt origination and structuring, asset- liability management, equity and interest rate derivatives, and collateralised lending in support of business activity and economic growth
Long-term financial resilience and prosperity is created through individual and organisational financial needs analysis and advice (including estate planning, trusts, wills), health management and retirement fund administration
The concept of traditional governance is being disrupted and reformulated due to shifting global realities. For example, the governance of emerging technologies adds complexity to existing regulatory uncertainty. These and other global challenges, such as climate change, place pressure on governing bodies around the world. This includes policymakers, government, industry and civil society.
In many developing countries, governments are simultaneously challenged by limited resources, strained budgets and systemic corruption, while feeling the pressure of society’s demands for access to services and infrastructure, fair opportunity, and shared prosperity.
Many countries around the world continue to perform poorly in terms of the Human Development Index (HDI), which measures key aspects of human progress such as life expectancy, per capita income and education.
Aside from increasing pressure on governments, there is a renewed and nearly global focus on corporate governance as a contributor to economic stability and safer capital markets. This focus comes in the wake of corporate governance failures, such as the global financial crisis in 2008, and the Libor scandal.
Governing bodies are increasingly accountable and are expected to lead ethically and in a way that contributes to inclusive and sustainable development for all stakeholders. This accountability is spurred by increasing levels of activism by civil society and shareholders.
While South Africa’s socio-political and economic environment is stabilising following a period of uncertainty, widespread corruption and the systemic threat of state capture remain issues of concern.
Despite this, South Africa is fortunate to be a forerunner in corporate governance.
The King IV Report on Corporate GovernanceTM for South Africa (King IVTM) was released in 2016. King IVTM, and its preceding Codes, is respected as one of the leading and most mature codes of corporate governance in the world. The Johannesburg Stock Exchange is rated as one the top-ranking stock exchanges in the world.
These systems, among others, provide organisations and governing bodies in South Africa and around the world with the tools to implement ethical and transparent leadership. For example, the implementation of King IVTM is paramount to prevent the involvement of corporates in state capture and corruption in South Africa going forward.
To provide the benefits underlying our products and services and to sustainably create value for all stakeholders means that we are exposed to a range of risks. These risks, however, also create opportunities for innovation and differentiation. We distinguish between strategic and operational risks, which are mitigated through a mature risk management governance structure.
Risks are managed on a preventive basis as far as possible through various risk management activities. Should risks materialise, Sanlam’s financial capital is available to absorb the financial impact. This ensures that we remain solvent and can honour our commitments to clients.
The top-down approach is undertaken at an executive and senior management
level, and considers the key strategic risks affecting Sanlam in the medium to
The clusters and business units undertake a bottom-up approach with the assistance of their risk management functions to assess all categories of key risks from an operational perspective.