Sanlam confident despite collusion probe, market pressure.
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South Africa's largest life insurer Sanlam doesn't expect an industry probe from competition authorities into alleged collusive behaviour to reveal any dodgy practices in its business, but it is concerned about reputational damage.
The Competition Commission announced in late August, after some dawn raids, that it was investigating pricing practices at eight life insurance companies, including Sanlam, but no charges have been laid yet.
The Competition Commission announced in late August, after some dawn raids, that it was investigating pricing practices at eight life insurance companies, including Sanlam, but no charges have been laid yet.
