Our 2010 report provides an integrated view of our operational, financial and sustainability activities. Explore by both formal navigation and in terms of our key strategic drivers by clicking the tabs above.
The Group remains well capitalised with identified discretionary capital of R4 billion as at the end of December 2010. Disciplined use of discretionary capital remains a key commitment of the Group.
Ongoing challenges in the business environment put a damper on our earnings for 2010. Nevertheless we still managed to increase net result from financial services per share for 2010 by 23% compared to 2009.
Over the past two years our businesses were forced to shift their focus from growth to coping with the very difficult economic conditions. Capital preservation was the highest priority, together with initiatives aimed at lowering risks and costs in most businesses.
Strategic diversification, combined with prudent practices, provided the Sanlam Group with the resilience needed to endure the severe economic downturn over the past three years.
The financial services sector, in which Sanlam is a key stakeholder, is the country's biggest business sector, representing 25% of the country's GDP. Therefore, it is vital for the country that our industry remains profitable.
