Sanlam profits up 10% (boosted by strong offshore showing)

Sanlam profits rose 10% in the year ending on 30 June on the back of a strong offshore showing, the insurance behemoth reported on Thursday.

Diluted headline earnings per share came in at 248.6 cents.

The Money Show’s Bruce Whitfield interviewed Ian Kirk, Sanlam Group Chief Executive Officer.

Listen to the interview in the audio below (and scroll down for quotes from it).

Size helps… It’s important, but it’s not everything.

Ian Kirk, Sanlam

I am concerned [about the recession]… The first quarter things picked up a bit… Second quarter… confidence has really turned quite negative… It should be a concern for all South Africans… people are hungry, we need to deal with these issues.

Ian Kirk, Sanlam

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