Sanlam Touts ‘Significant’ South Africa Banking Play by 2026

Sanlam Ltd. plans to offer banking services to its South African clients from next year as it seeks to grow revenue and gain a foothold in a thriving credit market.

Africa’s largest insurer plans to leverage an agreement it entered into with TymeBank, the digital lender backed by billionaire Patrice Motsepe, to create a joint venture focused on unsecured personal loans bundled with credit life cover.