Ingham Analytics issues a note on Sanlam entitled “Digital driver”.

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Ingham Analytics issues a note on Sanlam entitled “Digital driver”.

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Published Date: 2019-10-24 | Source: INCE|Community | Author: Mark Ingham

Ingham Analytics issues a note on Sanlam entitled “Digital driver”.

Since Ingham Analytics issued their previous note on Sanlam the share price has soared by 12% to R81.

In less than two months this is a stellar return. Sanlam held an investor day on 16 October and Ingham Analytics say that the focus was two-fold - partnerships and digital disruption.

Ingham Analytics say that the Capitec funeral plan collaboration is especially important and despite it being a low-margin product has, in fact, help boost the entry-level margin for Sanlam.

Ingham Analytics sees these partnerships and digital innovations as a vehicle to solidify and gain market share, particularly in a stagnant South African economy.

They also give us their latest earnings and dividend expectations and valuations for both Sanlam and Santam, in which Sanlam has a 61.5% stake.

Click here to find out more about the latest Ingham Analytics view on insurer Sanlam.


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