Santam Gains Most in 6 Years as Rand Helps Curb Cost of ClaimsBy
Recovery in equity markets likely to boost investment income
Stock is up 20% year to date after falling 12% in 2015
Santam Ltd., South Africa’s largest property and casualty insurer, gained the most in almost 10 years as a stronger rand and advances in local equity markets provide a better outlook for its business.
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