Sanlam cites tough conditions as earnings fall by a third

Financial services group, Sanlam has reported a 31% plunge in interim headline earnings, this was mainly due to once-off charges linked to its broad-based BEE scheme. And even though earnings had fallen the group said it was pleased with its operational performance, given the tough economic conditions in South Africa and Namibia. Business Day TV caught up with Sanlam Group CEO, Ian Kirk to talk about the last six months that was.
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